AnyTime News 
Focus on Formal Credit Access and Digital Adoption
Anytime News Network The Governor of the Reserve Bank of India (RBI) held a key meeting with select Micro, Small and Medium Enterprises (MSMEs) and industry association representatives in Mumbai as part of the central bank’s ongoing stakeholder engagement initiative.
Deputy Governors T. Rabi Sankar, Swaminathan J, and S.C. Murmu, along with senior RBI officials, participated in the meeting.
MSMEs: Backbone of the Economy
In his address, the Governor highlighted the crucial role of the MSME sector in India’s GDP, exports, and employment generation. He emphasized that ensuring timely and adequate access to formal credit for MSMEs remains a key policy priority for the RBI.
He also referred to several policy and regulatory measures undertaken by the Government of India and the RBI to strengthen the sector.
Push for Digital Payments and Financial Discipline
The Governor encouraged MSMEs to formalize operations, maintain credit discipline, and adopt digital payment systems to enhance transparency and long-term resilience.
During the interactive session, participants shared feedback on credit flow challenges and operational issues faced by the sector. The meeting is seen as an important step toward strengthening coordination between the RBI and MSMEs.
