Exporters' body FIEO hailed the measures announced by the Reserve Bank of India to enhance credit flow amid the ongoing second wave of the Covid-19 pandemic.

FIEO President Sharad Kumar Saraf welcomed the measures including term liquidity facility of Rs 50,000 crore to ease access to emergency health services, special long-term repo operations (SLTRO) for small finance banks (SFBs), lending by small finance banks (SFBs) to MFIs for on-lending to be classified as priority sector lending, credit to MSME entrepreneurs and resolution framework 2.0 for Covid related stressed assets of individuals, small businesses and MSMEs.

These measures will not only instill a sense of security and ease liquidity concerns but will help in boosting the confidence of businesses and entrepreneurs across the country, he added. 

Welcoming today's RBI's decision, FIEO President said that extending easy credit will help in expanding the health infrastructure in the country, which is in distress due increasing Coronavirus infection.

The Federation together stands with the government in all its efforts to control the surge in Covid-19 pandemic and support the economic growth of the country.