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PM Modi welcomes RBI recovery plan, says 'steps would help MSMEs, farmers'
| Apr 17, 2020, 04:29:53 PM | Times Now
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Prime Minister Narendra Modi on Friday hailed Reserve Bank of India's (RBI's) announcements, saying it will enhance liquidity and improve credit supply. He wrote on Twitter, " Today’s announcements by @RBI will greatly enhance liquidity and improve credit supply. These steps would help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing WMA limits." Earlier, RBI cut the reverse repo rate and announced a slew of measures including re-finance window of Rs 50,000 crore.
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