What steps did the govt take to prevent MSMEs from defaulting on loans? | Business Standard News

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Two important steps have been taken in this regard by the govt

The Insolvency and Bankruptcy Code is entering a period of suspension due to the Covid-19 pandemic which has impacted the insolvency ecosystem.

The Insolvency and Bankruptcy Code is entering a period of suspension due to the Covid-19 pandemic which has impacted the insolvency ecosystem. It has disrupted business operations, particularly of MSMEs,which may push many of them to default in servicing debt obligations. Two important steps taken in this regard are:

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