Our primary survey suggested lack of awareness about the scheme among the MSMEs. 15. We have announced last month that incremental loans to MSMEs along with retail loans for automobiles and residential housing will be exempted from CRR from fortnight ending January 31, 2020 up to fortnight ending July 31, 2020. 16.
In my view, the economy appears to be in a good spot right now. This favorable position is particularly evident in the labor market. After peaking at 10 percent in October 2009, the unemployment rate has declined to 4.1 percent, its lowest level since the 1960s outside of a brief period from 1999 to 2000.