Credit availability to MSMEs: Govt asks heads of PSBs to do analysis of the progress
Prime Minister Modi on November 2, 2018 launched an MSME outreach initiative to provide access to credit, access to market, technology up-gradation, ease of doing business and a sense of security for employees of MSMEs. In order to consolidate gains of the outreach campaign, the government has decided to take the initiative further.
PSBs have also been asked to make all out efforts to ensure that during the process of formalisation, the MSMEs may not suffer in want of credit. Representational Image, source: Reuters