The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years.
What is the repo rate?
It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans
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💰 In 2023, over 1,500 Indian startups were funded through government schemes like the Startup India early stage Seed Fund Scheme (SISFS), which allocated ₹950 crore, and the Credit Guarantee Scheme for Startups (CGSS) By BJP Government and interesti