RBI Governor urges banks to treat MSMEs as long-term partners (opens original article in a new tab)

RBI Governor Sanjay Malhotra urged banks to treat MSMEs as long-term partners, emphasizing their role in India's economic growth and highlighting initiatives to improve credit access and financial inclusion for MSMEs.

• RBI Governor Sanjay Malhotra urged banks to treat MSMEs as long-term partners
• RBI highlighted the Unified Lending Interface (ULI) to streamline credit appraisal and improve financial inclusion
• MSMEs contribute 45% of India's exports and provide 33 crore jobs, according to the RBI Governor
• RBI initiated measures like priority sector lending targets and TReDS to narrow the credit gap