RBI forms expert committee to rejuvenate MSMEs

Context

  • The Reserve Bank of India (RBI) constituted an expert committee, which is able to overview the “present institutional framework in place to support MSMEs along with analyzing the elements affecting well timed and ample availability of finance to them.”
  • The new 8-member committee could be chaired by former Securities and Exchange Board of India chairman UK Sinha.

Key Facts

  • An official assertion mentioned: “The new committee will overview the present institutional framework in place to assist the MSME (micro, small and medium enterprises) together with analyzing the elements affecting the well timed and ample availability of finance to the sector.”
  • “The committee can even research the impact of the current financial reforms on the sector and determine the structural issues affecting its progress and in addition conduct a research about one of the best international practices with respect to MSMEs and recommend its adoption in India, wherever applicable,” added the assertion.
  • Moreover, the committee would also review the existing MSME centered insurance policies and its impact on the sector and to suggest measures for leveraging know-how in accelerating the expansion of the sector.
  • Review the present institutional framework in place to assist the MSME (micro, small and medium enterprises).
  • Examine the factors affecting the well timed and ample availability of finance to the MSME sector.
  • Examine the influence of the current financial reforms on the sector and determine the structural issues affecting its progress.
  • Conduct a research about one of the best international practices with respect to MSMEs and advocate its adoption in India, wherever applicable.
  • Review the prevailing MSME centered insurance policies and its influence on the sector.
    To suggest measures for leveraging know-how in accelerating the expansion of the sector.

Related posts

Total
0