Shaktikanta Das on the second wave of Corona: Demand of villages will be strengthened with the expectation of a good monsoon – Reserve Bank Governor

The Governor of the Reserve Bank of India is speaking today in the second wave of Corona. He said that with the expectation of good monsoon, the demand of villages will remain strong. Suddenly this morning, he decided to give a speech at 10 o’clock.

Reserve Bank of India Governor Shaktikanta Das said that with the expectation of a good monsoon, the demand for villages will remain strong. Suddenly this morning, he decided to give a speech at 10 o’clock. Das said businesses have kept themselves alive despite Kovid restrictions and prohibitions.

Supply chain rests on agriculture

He said that the rural demand would be good with the expectation of a good monsoon. The entire supply chain rests on the strength of the agricultural sector. Kovid-19 must be confident of India’s ability to come out of the crisis. The governor said that the situation had changed dramatically. Now it needs to match with nappy tuli (calibrated) action. Governor Das said that the RBI would deploy its resources on all fronts.

Restructuring facility for MSME resumed

The Reserve Bank has also revived the one-time restructuring facility for individual and micro, small and medium industries ie MSME. Small finance banks can give loans to small microfinance institutions with an asset size of Rs 500 crore. Similarly, the KYC facility has also been ordered to be used within a limited scope till 31 December.

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