Finance
EnglishRBI Governor Calls on Banks to Ease MSME Loan Access
RBI Governor Sanjay Malhotra rallied banks in Kochi to jump aboard the digital express! He believes tools like the Unified Lending Interface can make borrowing a breeze for small businesses. Malhotra wants banks to view these enterprises as partners, not just numbers on a balance sheet. The RBI is all in on making finance smoother for everyone involved.
few hours ago | Subrata Panda
Quick rundown
1.RBI Governor urges investment in digital infrastructure for MSMEs.
2.Unified Lending Interface likened to UPI for credit access.
3.MSMEs contribute significantly to India's GDP and exports.
4.Account Aggregator framework facilitated Rs 3.5 trillion lending.
5.RBI committed to reducing friction in MSME financing.
