The Reserve Bank of India governor recently acknowledged that micro, small and medium enterprises (MSMEs) face difficulties in accessing credit and has suggested the use of technology to facilitate such flow of credit. KC Chakrabarty, deputy governor, also observed recently that inadequate flow of credit to MSMEs has been one of the factors constraining growth of the sector. Again, according to recent reports, the Standing Committee of RBI has been working on this problem. MSMEs are an important sector contributing 8% of country’s GDP, ........
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