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RBI asks banks to enhance working capital limit for MSMEs

In a relief to small and medium enterprises hit by demonetisation, Reserve Bank today said banks may provide ‘additional working capital limit’ to MSME borrowers.

“Banks are hereby advised that they may use the facility of providing… ‘additional working capital limit’ (approved by their boards) to their MSE borrowers, to overcome the difficulties arising out of such cash flow mismatches also,” RBI said in a notification.

This would be a one-time measure up to March 31 ..

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