Reports

What FM can do to Revive Growth? | INDIA ECONOMIC FORUM

April - June 2020

REPORT RELEASE
FOR IMMEDIATE RELEASE
22nd JULY 2020

Download PDF

New Delhi: 22-07-2020:

At the beginning of the COVID crisis, we had taken up providing a moratorium on term loans with RBI and the government. We were pleased to note that the RBI vide circular DOR.No.BP.BC.47/21.04.048/2019-20 dated March 27, 2020 announced a moratorium on all term loans.

Our first national multi institutional survey on MSMEs in India released on Apr 29th, 2020 pointed out a need for extension of this moratorium. Subsequently, the RBI Governor’s Statement of May 22, 2020 provided a further three month extension for the moratorium on term loans. This ends Aug 31st, 2020.

This has perhaps been the single biggest relief that has helped MSMEs survive this period, resulting in some green shoots. Allowing late payment of taxes has had a similar impact.


NOTES TO THE EDITOR

ABOUT SKOCH GROUP

SKOCH Group is India’s topmost think-tank for socio-economic issues with a focus on inclusive growth since 1997. Its research is accepted across political spectrum and is used for parliamentary replies as well as policy formulation. SKOCH Group specializes in action research that brings felt-need of the grassroots to the policy table. It has published seven books thus far that are valued as recommended reading. The repertoire of services includes field interventions, consultancy, research reports, impact assessments, policy briefs, books, journals, workshops and conferences. SKOCH Group has instituted India’s highest independent civilian honours in the field of governance, finance, technology, economics and social sector.

Related Pages

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button