 "MSME lending")
The Reserve Bank of India’s (RBI’s) measures to inject additional liquidity and cut the reverse repo rate will help large Indian companies. However, it is not enough to revive growth engines unless the Centre comes out with a financial package for mid and small sized companies.
The brass of several companies said unless the entire ecosystem is up and running, including retail stores, it would be very difficult to reopen plants and start production.
The RBI’s move should be considered as incremental, amid rising evidence
