RBI steps in to ease COVID-19 burden


Small businesses, MSMEs to get relief.

With India’s economic recovery threatened by the COVID-19 second wave, the Reserve Bank of India stepped in on Wednesday with measures aimed at alleviating any financing constraints for healthcare infrastructure and services, as well as small borrowers who may be facing distress due to a sudden spike in health expenditure.


RBI Governor Shaktikanta Das used an unscheduled address to announce a Term Liquidity Facility of ₹50,000 crore with tenor of up to three years, at the repo rate, to ease access to credit for providers of emergency health services.

Under the scheme, banks will provide fresh lending support to a wide range of entities, including vaccine manufacturers, importers/suppliers of vaccines and priority medical devices, hospitals/dispensaries, pathology labs, manufacturers and suppliers of oxygen and ventilators, and logistics firms. “These loans will continue to be classified under priority sector till repayment or maturity, whichever is earlier,” Mr. Das said, adding that banks were expected to create a COVID loan book under the scheme.

As part of a “comprehensive targeted policy response”, the RBI also unveiled schemes to provide credit relief to individual and MSME borrowers impacted by the pandemic. “Restoring livelihoods has become an imperative,” Mr. Das said.

The RBI also announced measures to protect small and medium businesses and individual borrowers from the adverse impact of the intense second wave of COVID-19 buffeting the country.

In his address, Mr. Das unveiled a Resolution Framework 2.0 for COVID-related stressed assets of individuals, small businesses and MSMEs and also expressed the central bank’s resolve to do everything at its command to ‘save human lives and restore livelihoods through all means possible’.

Eligibility criteria
Considering that the resurgence of the pandemic had made these categories of borrowers most vulnerable, the RBI said those with aggregate exposure of up to ₹25 crore, who had not availed restructuring under any of the earlier restructuring frameworks (including under last year’s resolution framework), and whose loans were classified as ‘standard’ as on March 31, 2021, were eligible for restructuring under the proposed framework.

In respect of individual borrowers and small businesses who had already availed restructuring under Resolution Framework 1.0, lenders have been permitted to use this window to modify such plans to the extent of increasing the period of moratorium and/or extending the residual tenor up to a total of two years.

In respect of small businesses and MSMEs restructured earlier, lending institutions have been permitted as a one-time measure, to review the working capital sanctioned limits, based on a reassessment of the working capital cycle and margins.

Credit support
To provide further support to small business units, micro and small industries, and other unorganised sector entities adversely affected during the current wave of the pandemic, the RBI decided to conduct special three-year long-term repo operations (SLTRO) of ₹10,000 crore at the repo rate for Small Finance Banks. The SFBs would be able to deploy these funds for fresh lending of up to ₹10 lakh per borrower. This facility would be available till October 31.

In view of the fresh challenges brought on by the pandemic and to address the emergent liquidity position of smaller MFIs, SFBs are now being permitted to reckon fresh lending to smaller MFIs (with asset size of up to ₹500 crore) for onlending to individual borrowers as priority sector lending. This facility will be available up to March 31, 2022.

State governments
To enable the State governments to better manage their fiscal situation in terms of their cash flows and market borrowings, maximum number of days of overdraft (OD) in a quarter is being increased from 36 to 50 days and the number of consecutive days of OD from 14 to 21 days, the RBI said.

Separately, Mr, Das asserted that though the impact of the second wave was ‘debilitating’, it was ‘not insurmountable’. “We do not expect any broad deviations in our projections,” he added.


  • localmarket experience
    very impressive to use localmarket app , download the app now
  • Free Delivery at DOORSTEP
    Free delivery on your order. Shop for Free Shipping in KOLKATA *Easy returns and exchanges *Direct seller to customer *Secure Payment mode. Simply spend over Rs. 199 and your order will be at your doorstep absolutely free. All category books available in our website and app. Limited time offer purchase for 199 get FREE DELIVERY on school books,…
  • Best Books for WB TET 2022: LocalMarket Suggest You
    The candidates must refer to all the important WB TET Books and relevant study material to kickstart their preparation for the West Bengal Teacher Eligibility Test (WB TET). The candidates who are aspiring for the upcoming West Bengal TET Examination should have complete details regarding the major books as per the syllabus prescribed by the…
  • Rebecca’s story in Bengali Translate by Sabita Sen
    This book goes into more detail about Rebecca’s story, background, and what happens after the book. I found it very interesting. The short stories were very good too, I had read a few previously but it fleshed the book out. I thoroughly enjoyed it and read it in Cornwall whilst we were staying opposite Ferryside…
  • Digital Marketing Job Guarantee Program
    Creative SEO Expert – Job Guarantee Program × Please enable JavaScript in your browser to complete this form.Name *FirstLastMobile NumberEmail ID *Why you want to become Creative SEO Expert ? Submit Apply Now Boost your career with our unique 6-month Creative SEO Expert training with a placement guarantee. Land your dream job within just 180…
  • BDO অফিসে ইন্টারভিউয়ের মাধ্যমে DEO কর্মী নিয়োগ | WB Govt Jobs 2022
    খুব ভালো এক নিয়োগের সুখবর সরকারি চাকরি প্রার্থীদের জন্য। এবার রাজ্যের জেলা বিডিও অফিসে কর্মী নিয়োগের বিজ্ঞপ্তি জারি হয়েছে। এখানে পুরুষ কিংবা মহিলা যেকোনো প্রার্থী চাকরির জন্য অনায়াসে আবেদন জানাতে পারবেন। নিয়োগের জন্য থেকে বড় বিশেষত্ব হচ্ছে, এখানে কোনো লিখিত পরীক্ষা নেওয়া হচ্ছে না, প্রার্থীদের সরকারি ইন্টারভিউয়ের মাধ্যমে কর্মী পদে নিযুক্ত করা হবে। দিনের পর…
  • পশ্চিমবঙ্গে মাধ্যমিক পাসে রেশন ডিলার নিয়োগ, লক্ষাদিক টাকা কামানোর সুযোগ | WB Ration Dealers Recruitment 2022
    আপনি কি মাধ্যমিক পাস এবং মাধ্যমিক পাস করেই বড় ধরনের টাকা কামানোর সুযোগ খুঁজছেন ? তাহলে আপনার জন্য চলে এলো বিশাল বড় একটি সুখবর, কারণ মাধ্যমিক পাশে পশ্চিমবঙ্গে প্রচুর পরিমাণে রেশন ডিলার নিয়োগ করা হচ্ছে যেখানে চাকরি পেলে আপনি বিপুল পরিমাণে টাকা কামাতে পারবেন। নতুন করে একটি চাকরির বিজ্ঞপ্তি প্রকাশিত হয়েছে যেখানে পশ্চিমবঙ্গে বসবাসকারী সকল…
  • Category 95+
    COMPETITIVE MATHEMATICS By Tapati Publishers (Upto Date Syllabus) GET 50% OFF Speedy delivery To buy this book click on this link- Call us & wp us- 8448444308 #localmarlet#kolkata#fastdelivery #homedelivery#bookclub#bookclubofinstagram#bookclubs#bookclubbook#bookclubsofinstagram#bookclubreads#bookclubstagram#bookclubpick#bookclubread#bookclubselection#bookclubbooks#bookclubbing#bookclubmeeting#bookclubdaily#instabookclub
  • 100000+ happy customers
    We have 100000+ happy customersBest book delivery app in Kolkata nowGiving best service to our customersFast and secure delivery#localmarket#kolkata#bookstagram#homedelivery#books#bookstagram#book#booklover#reading#bookworm#bookstagrammer#read#bookish#booknerd#bookaddict#booksofinstagram#bibliophile#instabook#love#bookshelf#readersofinstagram#booksbo#literature#instabooks#booklovers#Rajarhat#siddhatown#Behala#Chinarpark#dumdum
  • WBSSC 2nd SLST Notification – Eligibility Criteria, Application Process
    Under West Bengal State Government, it’s the biggest news update that WBSSC updated their employment notification. Rumors have been circulating for some time that the School Service Commission (WBSSC) is going to introduce new recruitment rules and appoint a headmaster/headmistress. But in the two notifications that came yesterday, the school service commission is going to…
  • SLST Combo Offer
    SLST Biological science (Hons/PG) Zoology • Botany • Physiology (according to Honors / Post Graduate syllabus) School Service Commission COMPLETE STUDY PACKAGE OF BIOLOGICAL SCIENCE PERFECTLY SYNCHRONIZED WITH UPDATED MCQ OF SSC (HON/PG) স্কুল সার্ভিস কমিশন SLST বায়োলজিক্যাল সায়েন্স প্রাণিবিদ্যা • উদ্ভিদবিদ্যা • শারীরবিদ্যা (অনার্স / পোস্ট গ্র্যাজুয়েট পাঠ্যসূচি অনুযায়ী) 90 DAYS JOURNEY TO CRACK…
  • Mathematics Challenger
    Chhaya Competitive Mathematics Challenger For All Competitive Examination In Bengali#Chhaya#Competitive#MathematicsChallenger For #AllCompetitiveExamination In #BengaliBengali#bookshelf#kolkata#exams#localmarket#collegestreet#bookdelivery#Off50 To buy This book Click below https://localmt.page.link/q2zQ Chhaya Publication, Chhaya Prakashani, Chaya Prakashani, Mathmatics, Competitive Mathmatics Challenger, Bengali Edition, Subir Das, 2021 Edition, WBCS, PCS, WBPSC, NDA, Banking Services, CDS, GIC, LIC, Railway Examination, Govt, Examination, Civil Services, Challenger Books, Competitive…
  • WBCS Books 2022: Best Booklist for Prelims & Mains here!
    West Bengal Public Service Commission (WBPSC) conducts West Bengal Civil Service (WBCS) exam to appoint Group A, B, C, and D officers for West Bengal Provincial Civil Services. Aspirants buckling up for the upcoming WBCS Prelims exam must be looking for the best WBCS Books recommended by experts for each section pertinent for acing this…
  • নতুন বছরের বাম্পার অফার?
    Get upto 20% off on any books and shop more than Rs1499 to get up to Rs100 cashback.?Minimum spend ₹499. offer ends on 17.04.2022 at 11:59pm.
  • You must need to know about Law and Orders??
    Universal’s LEGAL GENERAL KNOWLEDGE ON LAW ?Upto 40% off? The book covers Current Legal Fact,? Current Legal News, People who matter, List of ministers, Important Central and State Laws, Constitution in a nutshell,
  • You can be a Master of Programming
    Get 11% Off on Scientific Computing in python By Abhijit Kar Gupta?
  • If you love literature then you must read this book?
    Rabindranath O Sajanikanta By Jagadish Bhattacharya?available Only in LocalMarket. Get upto 40% Off?
  • Jochna O Jononir Golpo By Humayun Ahmed Ebook
    Download Now Read  Jochna O Jononir Golpo By Humayun Ahmed. PDF file ebook Download from Local Market or read the book online. Download Jochna O Jononir Golpo pdf book for free. Josna O Jononir Golpo contains 505 pages and published by Annyaprokash. Book Detail Name of the book: Jochna O Jononir Golpo Name of the writer: Humayun…
  • Current Affairs
    Best for Class 12 What’s the deal with electricity? Benjamin Franklin flies a kite one day and then all of a sudden you can charge your phone? There’s a gap in conceptual understanding! Let’s figure out what electricity is, exactly, and how it works, by defining electric charge and electric fields. Buy this item Buy…
  • Flat ₹59 OFF
    Offer Details NCERT TextBooks Offer. Flat ₹59 OFF. NC59. Terms and Condition Expiry Date January 29, 2022 Get ₹59 flat off when you place anyOrder from your LocalMarket App. Minimum 699 spend. Apply on Specific Product Category NCERT Category Use Coupon code OFF100 . Just tap ‘Coupon Code now’ and your voucher will be automatically…
  • How To Install LocalMarket App
  • Coupon Code ‘OFF25’
    ?Shop NOW & Get ?25 OFF✅ ?Use this Coupon Code & Save?25✅ Terms & Conditions Expiry Date January 17, 2022 Details •Get ₹25 OFF when you place anyOrder from your LocalMarket App • Minimum ₹599 spend. •Use Coupon code OFF25 . Just tap ‘Coupon Code now’and your voucher will be automaticallyapplied when you pay.
  • New Year Cashback
    New Year Cashback Offer. Use Coupon code OFF100 and ₹100 off + Free Delivery. Terms & Conditions Expiry Date January 16, 2022 Details Get 100 cashback when you place anyOrder from your LocalMarket App • Minimum 1499 spend. •Get Free Shipping. Use Coupon code OFF100 . Just tap ‘Coupon Code now’and your voucher will be…
  • Best book
  • New App

Leave a Reply

Your email address will not be published. Required fields are marked *

Top Categories