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Shaktikanta Das<\/a>, RBI governor said, \u201cA restructuring framework for MSMEs<\/a> that were in default but \u2018standard\u2019 as on January 1, 2020, is already in place. The scheme has provided relief to a large number of MSMEs.With COVID-19 continuing to disrupt normal functioning and cash flows, the stress in the MSME sector has got accentuated, warranting further support.\u201d<\/p>\n He further added, \u201cThe stressed MSME borrowers will be made eligible for restructuring their debt under the existing framework, provided their accounts with the concerned lender were classified as standard as on March 1, 2020. This restructuring will have to be implemented by March 31, 2021.\u201d<\/p>\n The Reserve Bank of India (RBI) has maintained the benchmark repo rate<\/a> at 4%, which is the lowest level since 2000, and the reverse repo rate at 3.35%.<\/p>\n \u201cAt the end of its deliberations, the MPC voted unanimously to leave the policy repo rate unchanged at 4 % and continue with the accommodative stance of monetary policy<\/a> as long as necessary to revive growth, mitigate the impact of COVID-19, while ensuring that inflation remains within the target going forward,\u201d the RBI governor said.<\/p>\n<\/div>\n