🚨 FIDC just warned that the proposed ban on revolving credit (yes, the kind that lets small businesses reuse approved limits) could force MSMEs into informal loans; higher rates, no safety, no records. Imagine running a small shop or factory: sales dip one month, you need cash to pay wages or buy stock; but your NBFC loan doesn’t let you redraw. You’re stuck. Or worse, you turn to local moneylenders. FIDC’s plea? Let redraws happen; with smart safeguards. No evergreening, no unlimited extensions. Just flexibility for real business cycles. This isn’t about big finance. It’s about the kirana stores, the auto parts units, the tailors and mechanics keeping India running. If they lose access to smart credit, the economy loses oxygen. The RBI’s move may look clean on paper; but on the ground? It could hurt the very people it’s meant to protect.