RBI reviews flow of credit to MSMEs, delibrates on bridging credit gap

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 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 emphasised the significant role of the MSME sector, particularly in the context of the goal of attaining developed economy status by 2047.
He stressed the need for collaborative efforts on the part of all stakeholders to unlock the