SC: Readiness for Agreement Execution Must be Proven From Agreement Date, Not Only After Suit Filing || Supreme Court: Long Gap Without Similar Criminal Conduct May Mitigate Sentence || Supreme Court: Loss of Right Leg Constitutes 100% Functional Disability for a Mason || Del HC Orders Fresh All India Tennis Association Elections by Sept 30, Sets Timeline for Amendments || Bombay High Court Permits 26-Week Pregnancy Termination Due to Fetal Anomalies, Financial Hardship || Uttarakhand High Court: NH Act Authority Cannot Challenge Collector-Fixed Circle Rate || Consumer Court Directs Amazon, Seller to Pay Rs.4.68 Lakh to Customer as Compensation || MP HC: Pension is a Proprietary Right and Cannot be Withheld unless Grave Misconduct is Proved || HP High Court: ITBP Constable Removal For Affair Disproportionate; Orders Compulsory Retirement || Calcutta High Court: Trade Licence Not Required For Advocates’ Partnership Registration

Credit to MSME entrepreneurs- (Reserve Bank of India) (05 May 2021)

MANU/RMIC/0063/2021

Banking

1. This is with reference to circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject.

2. In terms of the above circular, Scheduled Commercial Banks were allowed to deduct the amount equivalent to credit disbursed to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). This exemption was available up to Rs. 25 lakh per borrower for the credit disbursed up to the fortnight ending October 1, 2021.

3. It has been decided to extend this exemption for such credits disbursed up to the fortnight ending December 31, 2021. All other instructions contained in the circular ibid remain same.

Tags : CREDIT MSME ENTREPRENEURS

Share :