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The concept of loan restructuring 2.0 has emerged as a significant development in the lending sector. This initiative, guided by the latest RBI circular on restructuring of loans, offers a lifeline to borrowers impacted by the economic challenges, particularly in the wake of recent global events. Restructuring 2.0 refers to the revised and more accommodating […]
The advent of COVID-19 severely impacted manufacturing and other types of businesses, especially in the MSME sector. To help the people running these businesses, the Indian government launched the Emergency Credit Line Guarantee Scheme (ECLGS) under the umbrella of Aatmanirbhar Bharat Abhiyaan. What is the Emergency Credit Line Guarantee Scheme (ECLGS)? To offset the financial […]