CII roots for additional MSME credit measures from RBI
The Confederation of Indian Industry (CII) recommended that the Reserve Bank of India (RBI) take additional measures to step up bank credit to help the MSME sector. The point was made on the basis that credit to MSMEs has been particularly weak, reducing the ability to handle issues like elongated payment cycles. The need was for RBI to step up bank credit and consider setting up a sub-target under priority sector lending.
The suggestion was presented at the CII meeting with banks and economic secretaries.
