RBI’s move to restructure MSME loans step in the right direction\, but does not go far enough

In a move expected to help many small businesses to keep their cash flows steady and businesses afloat, RBI’s announcement on Thursday to enable the restructuring of loans has offered relief to the MSME sector.In its second bi-monthly monetary meet held on Thursday, the central bank said the stress in the MSME sector has got accentuated on account of the fallout of Covid-19. “Recognising the need for continued support to MSMEs’ meaningful