 "RBI")
Former RBI governor R Gandhi on Monday expressed doubt over the efficacy of the government's stimulus package, terming the aim of the Rs 7.9 trillion uptick in lending to small businesses, agriculture and power discoms as not "feasible".
He also said that the RBI needs to re-introduce a one-time restructuring package and mere moratoriums will not suffice in unprecedented times like the Covid-19 pandemic.
As part of the over Rs 20 trillion package announced by Prime Minister Narendra Modi, Rs 3 trillion was devoted to collateral-free loans to micro, small and medium enterprises, Rs 2 trillion was to be given to
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