Reserve Bank of India (RBI) on Thursday said there is a need to implement a corporate governance code for SME sector. "There is a need to implement SME's corporate governance code," RBI Deputy Governor K C Chakrabarty said while speaking at the Economic Times Thought Leadership Conclave.He said that in spite of various measures taken by the RBI and the government, availability of credit to Small and Medium Enterprises (SMEs) continues to remain a major issue in the development of the sector in the country. "Adoption of corporate governance framework by SMEs in India is indispensable for taking this sector to a higher growth trajectory," he said……….
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