<span style="color: #222222;">The BJP today lauded the measures announced by the RBI, with party president J P Nadda saying it will help protect people's livelihoods and will be a milestone in helping Prime Minister Narendra Modi's efforts to keep economy strong during and after the COVID-19 crisis. </span><br />'' <br />'' <span style="color: #222222;">In a statement, Mr Nadda said, the RBI decision will infuse liquidity and improve credit flow, and it is in line with Modi's vision for decisions that are friendly to businesses as well as people. He said, the Union government is taking all necessary steps to help the economy cope with this crisis during the pandemic. </span><br />'' <br />'' <span style="color: #222222;">Mr Nadda said, initial 50 thousand crore rupees to support small and mid NBFCs, refinance facilities of 25 thousand crore rupees to NABARD to help farmers, 15 thousand crore rupees to SIDBI to boost loans to start-ups and SMEs 10 thousand crore rupees to NHB to support housing for all, will prove to be significant steps citing various measures announced by the RBI governor.</span><br />'' <br />'' <span style="color: #222222;">He noted that the RBI had taken several decisions last month as well in this regard.</span><br />'' &nbsp;
News On AIR | April 17, 2020 9:59 PM
BJP lauds measures announced by RBI