 "Reserve Bank of India, RBI")
The Reserve Bank of India (RBI) is monitoring the credit flow to the micro, small and medium enterprises (MSME) and the revival of sick units in the state.
Since MSMEs contribute 60 per cent of UP’s industrial production, the state government has stressed on boosting the sector with easy working capital loans for realising its ambitious target of becoming a trillion-dollar economy by 2024.
There is an empowered committee to look after the lending activities in the state and the revival of the sick MSMEs, RBI regional director Lakshmi Kanth Rao told the media in Lucknow.
“Although, the commercial banks are directly involved
