Improving timely access to credit for MSMEs policy priority: RBI Guv

RBI Governor Sanjay Malhotra said enhancing timely and adequate formal credit access for MSMEs is a top priority, urging firms to formalise, maintain credit discipline and adopt digital payments

Improving access to timely and adequate formal credit for MSMEs remains a key policy priority of the Reserve Bank of India, Governor Sanjay Malhotra said at a meeting with MSMEs and their representative associations. He emphasised that MSMEs need to pursue formalisation, maintain credit discipline and adopt digital payments to build long-term resilience and competitiveness.

 

The meeting was attended by deputy governors, including T. Rabi Sankar, M. Rajeshwar Rao Swaminathan and S. C. Murmu. In a statement, the RBI said the Governor underscored the pivotal role of the MSME sector in India’s economic landscape, noting its significant contribution to GDP, exports and livelihoods.

 

Participants also shared feedback and suggestions on policy issues and operational challenges related to credit flow to the MSME sector.