GK and monthly revision

MSMEs nursery of entrepreneurship, key to Viksit Bharat vision: RBI Guv Sanjay Malhotra

RBI Governor Sanjay Malhotra emphasized the importance of Micro, Small, and Medium Enterprises (MSMEs) as pivotal for India's economic growth and entrepreneurship during a recent address. He highlighted the robust credit growth in Kerala's MSME sector and outlined RBI's initiatives aimed at addressing credit gaps, such as collateral-free loans and the Trade Receivables Discounting System. The upcoming Unified Lending Interface is expected to enhance credit access for MSMEs, making them integral to achieving the Viksit Bharat vision.