The Reserve Bank of India vide press release dated May 22, 2020, has issued a Statement on Developmental and Regulatory Policy to improve the functioning of markets and market participants; measures to support exports and imports; efforts to further ease financial stress caused by COVID-19 disruptions by providing relief on debt servicing and improving access to working capital; and steps to ease financial constraints faced by state governments. Following are the major measures:
- Measures to Improve the Functioning of Markets including facilitating refinancing and foreign investments for Small Industries.
- Measures to Support Exports and Imports including Extension of Time for Payment for Imports.
- Measures to Ease Financial Stress including Moratorium on Term Loan Installments and Deferment of Interest on Working Capital Facilities.
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