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FIDC seeks extension of MSME restructuring scheme till March 2022

FIDC seeks extension of MSME restructuring scheme till March 2022
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IANS
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Reserve Bank of India (RBI). (File Photo: IANS). Image Source: IANS News
New Delhi, April 18 : The Finance Industry Development Council (FIDC) has urged the Reserve Bank of India (RBI) to extend the one-time restructuring scheme for loans to MSMEs till March next year due to the severe second wave of Covid-19.
The RBI had, on February 11, 2020, allowed one-time restructuring of existing MSME advances, classified as "standard", without downgrade in the asset classification subject to certain additional provisioning and compliance with the conditions as prescribed in the said notification. The time limit for implementation of the said restructuring was till December 31, 2020.

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India Inc welcomes vehicle Scrappage Policy

India Inc welcomes vehicle Scrappage Policy
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