‘Priority Lending' Status For Start-ups To Ease Credit Woes Amid Covid-19 Crisis
The New Indian Express Chennai|August 07, 2020
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‘Priority Lending' Status For Start-ups To Ease Credit Woes Amid Covid-19 Crisis
The struggling start-up community in India, challenged with liquidity crunch, is pinning hopes on a revival after the Reserve Bank of India (RBI) announced to broaden the scope of Priority sector Lending (PSL) by including start-ups.
Bismah Malik

The announcement follows RBI Governor Shantikanta Das’ call for “policy reorientation” to help start-ups that are facing funding constraints due to the COVID-19 pandemic in a bid to generate employment and for overall economic growth.

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August 07, 2020