Boosting MSME Credit Access: PHDCCI Plan

  Published 1 year ago

PHDCCI urged RBI to ease credit, digitize systems, and boost regulatory support to empower MSMEs and fuel growth.

  • PHDCCI proposed Micro Credit Cards with ₹5 lakh limit, interest caps, and a central portal to monitor applications.
  • Suggested RBI set up helpdesks at field offices to assist MSMEs struggling with credit access and documentation issues.
  • Called for raising the NBFC lending cap from ₹20 lakh to ₹1 crore for better MSME working capital support.

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