RBI reviews flow of credit to MSME sector

Posted under: MSME
Date: 2023-10-05
RBI reviews flow of credit to MSME sector

The RBI’s Standing Advisory Committee (SAC) reviewed the flow of credit to Micro, Small and Medium Enterprises on Friday at its meeting held in Lucknow, a central bank said in a release. The 28th meeting of SAC was chaired by RBI Deputy Governor Swaminathan J. and attended by senior officials from the ministries of MSME and finance. “During the meeting, the SAC reviewed the flow of credit to MSMEs and deliberated on issues related to assessing and bridging the credit gap for the sector, exploring digital solutions for improved credit linkage, accelerating adoption of TReDS, credit support to women entrepreneurs, revival and rehabilitation of stressed MSMEs, and credit guarantee schemes, among others,” the RBI said. The deputy governor, in his keynote address, emphasized the significant role of the MSME sector, particularly in the context of the goal of attaining developed economy status by 2047.

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