Mumbai, February 9 The RBI stated on Monday that banks can extend collateral-free loans up to ₹25 lakh to Micro and Small Enterprises (MSEs) based on their good track record and financial standing.The Reserve Bank of India (RBI) has amended the guidelines related to "Lending to Micro, Small &...
Mumbai, February 9 The Reserve Bank of India (RBI) on Monday announced amendments to its lending guidelines for the micro, small and medium enterprises (MSME) sector, increasing the collateral-free loan limit for micro and small enterprises (MSEs) to Rs 20 lakh in a move aimed at improving...