The Reserve Bank of India on Thursday revised rules pertaining to revival of advances to small businesses and asked lenders to form districtlevel committees to resolve stressed loans to micro, small and medium enterprises ( MSMEs). “In order to enable faster resolution of stress in an MSME account, every bank shall form Committees for Stressed MSME,” RBI said in a notification. The rules have been revised for “ revival and rehabilitation of MSMEs having loan limits up to Rs.25 crore”. “Restructuring of loan accounts with exposure of above Rs.25 crore will continue to be governed by the extant guidelines on corporate debt restructuring ( CDR) or Joint Lenders’ Forum ( JLF) mechanism,” the notification said. The notification follows a May 2015 government decision to provide a simple and fast mechanism to address stress in accounts of MSMEs and also help in the promotion of such businesses, it said. A board- approved policy to operationalise the revised framework will have to