In India, public sector banks (PSBs) have restructured over Rs 585.24 billion worth of loans advanced to 980,000 micro, small and medium enterprises (MSMEs) accounts as of November 26, 2021. It has been done to enable the latter to cope with the negative impact of the Covid-19 pandemic. Meanwhile, loans worth Rs 600 billion given to as many as 850,000 accounts of individual borrowers have also been restructured. The Central government as well as the Reserve Bank of India have also initiated various other measures to support the retail and MSME borrowers in the wake of the pandemic.
