UK Sinha RBI committee to study current framework for MSMEs

The Reserve Bank of India (RBI) has set up an 8-member expert committee on Micro, Small and Medium Enterprises (MSMEs) to suggest long-term solutions for the economic and financial sustainability of the MSMEs. This committee is set up under the leadership of former SEBI Chairman UK Sinha to review the current framework for the MSME Sector. The committee will examine the factors affecting the timely and adequate availability of finance to the MSME sector. It will review the existing MSME focused policies and their impact and will propose measures for leveraging technology in accelerating the growth of the sector apart from recommending the global best practices.