Great News for MSMEs


The longstanding demand of MSMEs for extension of NPA recognition period from 90 to 180 days has been taken cognizance of by Reserve Bank of India (RBI) and the period of recognition has been enhanced to 180 days for MSME borrowers registered under GST. This is an apt and timely decision taken by RBI when MSMEs are moving from informal system. Ministry of MSME welcomes this bold step taken by RBI which will go a long way in ensuring formalization of MSMEs.


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