RBI Governor Highlights MSMEs' Role and Urges Enhanced Credit Support
Reserve Bank of India Governor Sanjay Malhotra emphasized the critical role of Micro, Small and Medium Enterprises (MSMEs) as the "nursery of entrepreneurship" and key contributors to India's economy, accounting for about 31% of GDP, nearly half of exports, and significant employment. Speaking at a special awareness program in Kochi ahead of International MSME Day 2026, he urged banks to treat MSMEs as long-term partners and highlighted RBI initiatives like the Unified Lending Interface, Trade Receivables Discounting System, and enhanced collateral-free loans to improve credit access and financial inclusion.