New Delhi: The Reserve Bank of India (RBI) has also jumped into the ongoing war against the Corona epidemic. RBI has reduced the interest on deposits of banks by reducing the reverse repo rate today. By opening the treasury for rural banks, they also announced help to bring the economy back on track. This decision of RBI has been welcomed by Union Home Minister Amit Shah.
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Amit Shah said that the Modi government is leaving no stone unturned in this ongoing war against Corona, so that in the coming days while creating a strong and stable India, minimum disruption in people's lives can be ensured. The steps were taken by the RBI today to promote the Indian economy further strengthen the vision of the Prime Minister.
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Home Minister Amit Shah further said that 'To encourage the Make in India program, RBI has decided to provide 20,000 crore credit facility to NABARD, 15,000 crores to SIDBI will help our farmers a lot, MSMEs and start-ups There will be much needed financial stability. The Reserve Bank has announced a 0.25 percent reduction in reverse repo rate on Friday. The effect of this will be that banks will now distribute more and more loans. It will be easy for you to get a loan.
