Mumbai, Jun 4 (UNI) Reserve Bank of India (RBI), in a bid to expand the coverage of the Resolution Framework 2.0, announced a doubling of the maximum aggregate exposure to Rs 50 crore on Friday.

'With a view to enabling a larger set of borrowers to avail of the benefits under Resolution Framework 2.0, it has been decided to expand the coverage of borrowers under the scheme by enhancing the maximum aggregate exposure threshold from Rs 25 crore to Rs 50 crore for MSMEs, non-MSME small businesses and loans to individuals for business purposes,' RBI Governor Shaktikanta Das said as part of the Monetary Policy Statement.

The Resolution Framework 2.0 was announced by the RBI on May 5 to help small borrowers tide over the impact of the second wave of the Covid-19 pandemic and lockdowns.

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