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Context: Reserve Bank of India gave the green signal to a loan-restructuring scheme for stressed borrowers. A special window providing one-time loan restructuring to companies and individuals, it will provide relief specifically to those impacted by the Covid-19 pandemic.
Who will benefit from the scheme?
How will it be implemented?
How will the scheme impact banks?
Does the new scheme have safeguards against misuse?
Reference:
https://indianexpress.com/article/explained/explained-rbis-new-loan-recast-scheme-6544994/
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