The Reserve Bank of India's Monetary Policy Committee has decided to keep the Repo Rate unchanged at 4%, maintaining an accommodative stance to support economic recovery. The central bank projects India's economy to grow by 9.5% in the fiscal year 2021-22. To mitigate the impact of the pandemic, the RBI has also announced liquidity support for contact-intensive sectors and enhanced credit facilities for MSMEs and small businesses.
Economy projected to grow at 9.5% in 2021-22
Rs. 15,000 crore liquidity support to contact-intensive sectors like hotels, tourism, etc.
Additional Measures to boost credit for MSMEs, small businesses and rural sector
The Governor of the Reserve Bank of India, Shri Shaktikanta Das has announ
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FAQ :
The Policy Repo Rate has been kept unchanged at 4% by the RBI's Monetary Policy Committee.
The RBI projects Real GDP growth to be 9.5% in 2021-22.
A liquidity window of Rs. 15,000 Crore is available until March 31, 2022, for sectors like hotels, tourism, and aviation ancillary services.
A Special Liquidity Facility of Rs. 16,000 Crore is being provided to SIDBI for on-lending to MSMEs, and the coverage of borrowers under the Stress Resolution Framework 2.0 has been expanded.
Yes, the National Automated Clearing House (NACH) will be available on all days of the week, effective from August 1, 2021.
The Consumer Price Index inflation is projected at 5.1% for 2021-22.