RBI constitutes expert committee on MSMEs to propose long tern solutions for sustainability of MSMEs
New Delhi, Jan 3 (KNN) RBI has formed an expert committee on Micro, Small and Medium Enterprises (MSMEs) to identify causes and propose long term solutions, for the economic and financial sustainability of the MSME sector.
The committee has been formed under the chairmanship of U K Sinha, Former Chairman, Securities and Exchange Board of India (SEBI).
The eight member committee will review the current institutional framework in place to support the MSME sector and study the impact of the recent economic reforms on the sector and identify the structural problems affecting its growth.
It will also study the global best practices with respect to MSMEs and recommend its adoption in India
Besides, the committee will examine the factors affecting the timely and adequate availability of finance to the sector; review the existing MSME focused policies and its impact on the sector; propose measures for leveraging technology in accelerating growth of the sector and suggest long-term solutions for the economic and financial sustainability of the MSME sector.
The Expert Committee will submit its report by the end of June, 2019.