Financial ExpressOct 22, 2021Restructuring likely to be highest for MSMEs, would lead to 18% jump in stressed assets this FYCredit and Finance for MSMEs: In order to alleviate Covid stress among MSMEs, the Reserve Bank of India (RBI) in June this year had expanded the scope of restructuring facility for existing MSME loans from Rs 25 crore earlier to Rs 50 crore.The government in September had extended ECLGS further to March 31, 2022, or till guarantees for the overall ceiling of Rs 4.5 lakh crore are issued, whichever is earlier.Credit and Finance for MSMEs: Gross non-performing assets (NPAs) of banks are projected to increase to 8-9 percent this fiscal year, though below the peak of 11.2 percent witnessed at FY18 end, as Covid relief measures including restructuring dispensation, and the Emergency Credit Line Guarantee Scheme (ECLGS) will help restrict growth, credit rating agency Crisil said on Tuesday.Read more at Financial Express
Credit and Finance for MSMEs: In order to alleviate Covid stress among MSMEs, the Reserve Bank of India (RBI) in June this year had expanded the scope of restructuring facility for existing MSME loans from Rs 25 crore earlier to Rs 50 crore.The government in September had extended ECLGS further to March 31, 2022, or till guarantees for the overall ceiling of Rs 4.5 lakh crore are issued, whichever is earlier.Credit and Finance for MSMEs: Gross non-performing assets (NPAs) of banks are projected to increase to 8-9 percent this fiscal year, though below the peak of 11.2 percent witnessed at FY18 end, as Covid relief measures including restructuring dispensation, and the Emergency Credit Line Guarantee Scheme (ECLGS) will help restrict growth, credit rating agency Crisil said on Tuesday.Read more at Financial Express
