Reserve Bank of India (RBI) Governor Sanjay Malhotra on February 16 met representatives of select micro, small and medium enterprises (MSMEs) and MSME associations in Mumbai as part of the central bank’s ongoing stakeholder engagement efforts.
Deputy Governors T Rabi Sankar, Swaminathan J and SC Murmu, along with other senior officials of the Reserve Bank, also attended the meeting.
In his remarks, Malhotra highlighted the critical role played by the MSME sector in India’s economic landscape, noting its significant contribution to gross domestic product, exports and employment generation. He said improving access to timely and adequate formal credit for MSMEs continues to remain a key policy priority for the central bank.
The governor also outlined several policy and regulatory initiatives undertaken by the Government of India and the Reserve Bank to support the sector. He encouraged MSMEs to focus on greater formalisation, maintain credit discipline and increasingly adopt digital payment systems to strengthen their long-term resilience and competitiveness.
Also read: MSME lender Aye Finance says worst of credit stress behind it as shares list flat
During the interactive session, participating enterprises and association representatives shared feedback and suggestions on policy matters and operational challenges linked to credit flow to the MSME sector. The discussion focused on ways to improve financing access and address issues faced by businesses in obtaining formal credit.
The meeting forms part of the Reserve Bank’s continued dialogue with industry stakeholders aimed at strengthening the MSME ecosystem and supporting sustainable economic growth.
ALSO READ | India’s trade deficit soars to record high as gold imports surge
(Edited by : Shoma Bhattacharjee)
