In the June 04, 2021 announcement, Reserve Bank of India (RBI) Governor Shaktikanta Das urged the people at large to not be overwhelmed by the current situation but resolve to collectively overcome it. The Governor informed of the repo rate left unchanged at four per cent and the reverse repo rate fixed at 3.35 per cent. The RBI projection for GDP in FY2022 is 9.5 per cent and it expects inflation to hover around the 5.1 per cent mark. A special liquidity package of Rs.16,000 crore was announced for SIDBI for lending to the SME. Under resolution 2.0, banks are permitted to restructure loans to the MSME, and non-MSME up to Rs.50 crore from Rs.25 crore.
