MUMBAI, 06 AUGUST, 2020 (GPN): Mr. Prabhat Chaturvedi, CEO, Netafim Agricultural Financing Agency shares his view on today’s RBI announcement-

“Liquidity, restructuring & increased access to funds for MSMEs is the crux of today’s announcements made by the RBI Governor. The Reserve Bank of India has attempted to maintain a sagacious stance in liquidity infusion and shield the economic upliftment. The augmenting fund of Rs. 5000 crores to NABARD would act as a booster shot and improve liquidity for the small and medium-size NBFCs to ensure the unhindered flow of credit to the borrowers. Extension of restructuring support to MSMEs will go a long way to meet these short-term liquidity gaps and ensure their sustainability and therefore, financial stability in an unprecedented period. We are confident that the panel for a one-time restructuring of the loans under the leadership of Mr. K V Kamath would bring positive sector-specific recommendations.”