Recommendations for the MSME sector of the RBI Committee

Recommendations for the MSME sector of the RBI Committee

June 26, 2019

MSME

RBI's U.K. Sinha-led committee has given the following recommendations for the MSME sector:
  • Constructed for the assistance of MSME units in cluster, creating a distressed asset fund with a fund of Rs 5,000 crore.
  • Establishment of a government-sponsored fund of Rs 10,000 crore to support venture capital and private equity firms investing in SMEs.
  • SIDBI should deepen the credit markets in districts and areas unfit for MSME.
  • To make SIDBI crystalized new sources of money for SMEs and SME lenders, additional resources should be developed for debt and equity.
  • The PSBLoansIn59Minutes.com portal should help new entrepreneurs, who lack information like GSTIN, income tax returns and bank details
  • The limit of debt should be increased to 5 crore rupees.
  • In order to lend specific area to the banks, adjusting priority sector lending guidelines for banks, doubling the collateral free loan limit up to Rs 20 lakh and by the government
Important facts-
  • 25th Governor of RBI: Das,
  • Headquarter: Mumbai,
  • Established: April 1, 1935, Kolkata
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