New Delhi: Between the corona epidemic and the lockdown, the Reserve Bank of India (RBI) has made big announcements today. RBI has reduced the interest on deposits of banks by reducing the reverse repo rate. Prime Minister Narendra Modi has expressed his gratitude for the relief given by RBI, he said that it will benefit small businesses, MSMEs, farmers and the poor.

PM Narendra Modi wrote in his tweet that, today's announcements of RBI will increase the cash flow and improve the loan supply. These steps will help our small businesses, MSMEs, farmers and the poor. It will also help all states by increasing the WMA limit. Earlier, Union Finance Minister Nirmala Sitharaman said, 'In view of the hardships caused by Corona, on behalf of RBI to maintain cash liquidity, encourage bank credit flow, reduce financial stress and enable normal functioning of markets Many big steps have been taken for the purpose.

Let us tell you that to revive the economy that is suffering from the Coronavirus epidemic, RBI Governor Shaktikanta Das has announced a 0.25 percent reduction in reverse repo rate on Friday, with 50 thousand for the cash crisis in the market. Talking about the additional settlement of crores of rupees.

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