Reserve Bank of India (RBI) has recently announced a special refinancing package worth Rs.50,000 crore for NABARD, SIDBI and NHB. NABARD will get Rs. 25,000 crore out of this package while SIDBI and NHB will get Rs 15,000 crore and Rs 10,000 crore respectively. The objective of this refinance package is to provide relief to MSMEs and Rural India who source loans from regional rural banks, co-operative banks, NBFCs and other financial institutions.
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