Finance Minister Nirmala Sitharaman has said that no financial institution can refuse to supply loans to MSMEs sector underneath the Self-Reliant India Package. If there is such a case, they complain.
She will seem to be into the rely variety herself. In a FICCI program, the Finance Minister has especially mentioned about the hospitality location that he is conscious of the troubles of this sector. Explain that a loan of Rs three lakh crore has been announced to MSMEs as a mortgage beneath the Self-Reliant India Package.
She in a similar fashion noted that mortgage recast is needed in the hospitality sector. Our center of interest is on restructuring. Restructuring is being discussed with the RBI. There is also talk on increasing morotium from RBI. In the present situation, restructuring of loans is needed. A decision will quickly come on restructuring the Moratorium.