@the_news_21
Reserve Bank of India on Wednesday announced that they will allocate a special liquidity facility of Rs 50,000 crore to banks at repo rate with up to 3 year tenor to ramp up COVID related healthcare infrastructure.
The RBI has decided to purchase G-sec for Rs 35,000 crore under G-SAP 1.0 on May 20, RBI Governor Das said.
Small Finance Banks (SFB) will be permitted to lend to small MFIs with asset size of Rs 500 crore. This facility will be available till 31st March’22. Das said, “The most vulnerable category of borrowers are small borrowers, MSMEs in the current environment. Borrowers must be standard as on March 31,2021 to be eligible for Resolution framework 2.0.”
