RBI Governor urges banks to treat MSMEs as long-term partners
RBI Governor Sanjay Malhotra has urged banks to treat MSMEs as long-term partners, highlighting their vital role in India's economic growth. The RBI is promoting digital initiatives like the Unified Lending Interface to improve credit access for small businesses.
Why it matters
MSMEs are the backbone of the Indian economy, and improving their access to credit is essential for national development and employment generation.
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday urged banks to treat Micro, Small and Medium Enterprises (MSMEs) as long-term partners.
The article provides a straightforward account of a government official's speech and policy initiatives.
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