In a transfer to assist cash-starved startups elevate funds from banks, the Reserve Financial institution of India (RBI) has tweaked precedence sector lending (PSL) norms. It has now introduced startups underneath the purview of precedence sector lending. Borrowing limits for the renewable vitality sectors’ solar energy and compressed bio-gas vegetation are additionally being raised by the central financial institution. However how does the precedence sector lending works and can this transfer assist startups?
Watch the accompanying video to search out out.
First Revealed on Aug 7, 2020 07:43 pm