Covid-19: MSMEs cautiously welcome RBI measures, exporters want more

Calls for economic package for distressed sectors continue

Small businesses said though they welcomed the Reserve Bank of India’s (RBI’s) decision to address the liquidity crunch they were facing, they expected more in the way of support, considering the disruption in supply chains, lack of business, and short supply of labour, because of the nationwide lockdown.

Under pressure to facilitate the flow of more money to micro, small and medium enterprises (MSMEs), the RBI on Friday announced a targeted long-term repo operation (TLTRO) of ~50,000 crore aimed at small and mid-sized non-banking financial companies (NBFCs) and micro finance institutions (MFIs).