: FIEO welcomes RBI's decision to extend easy credit, expanding the health infrastructure & boosting economy #FinanceIndia #StockMarketNEWS FIEO welcomes RBI's decision to extend easy credit, expanding

@StockMarketNEWS Thu 06 May, 2021

Posted in: #FinanceIndia #StockMarketNEWS

FIEO welcomes RBI's decision to extend easy credit, expanding the health infrastructure & boosting economy #FinanceIndia #StockMarketNEWS
FIEO welcomes RBI's decision to extend easy credit, expanding the health infrastructure & boosting economy New Delhi, May 5 (KNN) Federation of Indian Export organisation has welcomed the measures announced by the Reserve Bank of India (RBI) due to the ongoing second wave of the COVID-19 pandemic.

Welcoming todays RBIs decision, FIEO President said, Extending easy credit will help in expanding the health infrastructure in the country, which is in distress due to increasing Coronavirus infection. The Federation together stands with the government in all its efforts to control the surge in COVID-19 pandemic and support the economic growth of the country.

The apex bank on Monday announced following measures such as term liquidity facility of Rs 50,000 crore to ease access to emergency health services, special long-term repo operations (SLTRO) for small finance banks (SFBs), lending by small finance banks (SFBs) to MFIs for on-lending to be classified as priority sector lending, credit to MSME entrepreneurs and resolution framework 2.0 for COVID related stressed assets of individuals.

Small businesses and MSMEs, which will not only instill a sense of security and ease liquidity concerns but will help in boosting the confidence of businesses and entrepreneurs across the country, the FIEO president added.

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