They launched what came to be known as the Lisbon Agenda, which set a fully innovative and competitive Europe as a ten-year goal. To date, progress has been uneven. Regulatory inhibitions in many respects still hold back Europe’s growth potential.
To provide further support to small business units, micro and small industries, and other unorganised sector entities adversely affected during the current wave of the pandemic, it has been decided to conduct special threeyear long-term repo operations (SLTRO) of ₹ crore at repo rate for the SFBs, to be deployed for fresh lending of up to ₹ lakh per borrower.