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New Measures for MSMEs: Panel Under ex-SEBI Chairman Set up by RBI
January 04, 2019
India’s central bank RBI has set up a committee under the former SEBI chairman U K Sinha as it seeks suggestions for measures that can help the micro, small and medium enterprises (MSME) sector. The decision comes just a day after it approved a one-time restructuring debt of up to ₹25 crore for the MSMEs that had defaulted on their loans.
RBI said that the panel will look into factors that affect financial sustainability of the MSME sector. It has been asked to submit the report by June-end, the RBI added.
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