Initiatives to Reform MSME’s
- UK Sinha Committee: The Reserve Bank set up an expert committee under U K Sinha to suggest long-term solutions for the economic and financial sustainability of the MSME sector. The panel has been asked to review the current institutional framework in place to support the MSME sector and study the impact of the recent economic reforms on the sector and identify the structural problems affecting its growth.
- 59 Minutes Loan: Public sector banks (PSBs) have started giving in-principle approval of home and personal loan applications on the ‘PSB Loans in 59 Minutes’ web portal, to facilitate quick loans for MSMEs. This ....
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