Circular regarding Resolution Framework – 2.0: Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs), Revision in the threshold for aggregate exposure (circular dated – 04.06.2021) – RBI
View PdfCircular regarding Resolution Framework – 2.0: Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs), Revision in the threshold for aggregate exposure (circular dated – 04.06.2021) – RBI
- Clause 2 of the above circular specifies the eligibility conditions for MSME accounts to be considered for restructuring under the framework, which inter alia include sub-clause (iii) which states that the aggregate exposure, including non-fund based facilities, of all lending institutions to the MSME borrower should not exceed ₹25 crore as on March 31, 2021.
- Based on a review, it has been decided to enhance the above limit from ₹25 crore to ₹50 crore.
-
Consequently, clause 2(v) would stand modified.
-
All other provisions of the circular remain unchanged.