The body in a letter addressed to Shaktikanta Das, Governor of RBI, said this was for the interests of retail NBFCs who “primarily cater to the funding needs of MSMEs, truck/taxi drivers, machine operators and marginal farmers and provide loans for acquiring the vehicles/tractors/equipments for productive purposes."
source https://economictimes.indiatimes.com/industry/banking/finance/restructure-retail-individual-loan-accounts-liquidity-support-fidc-to-rbi/articleshow/82273060.cms
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