RBI extends ₹15,000 cr refinancing facility to SIDBI

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RBI extends ₹15,000 cr refinancing facility to SIDBI

May 22, 2020 14:29 IST

In a bid to provide additional liquidity support to MSMEs, the RBI on Friday extended the special refinancing facility of ₹15,000 crore to SIDBI by another 90 days. Due to the tightening of financial conditions in the wake of the Covid-19 pandemic, the RBI had earlier announced a special refinance facility of ₹15,000 crore to SIDBI for on-lending or refinancing at repo rate for a period of 90 days.

Economy