RBI Standing Advisory Committee on MSME Credit: 30th Meeting
Why in the news
Industry bodies used RBI’s advisory forum to raise geopolitical and credit worries affecting small businesses.
Key facts
- Forum: 30th Standing Advisory Committee on MSME credit flow.
- Venue: Coimbatore; chair: Deputy Governor Swaminathan J.
- Concerns: global tensions hitting trade and inputs, rising costs, export slowdown, tighter credit.
- Ask: government, regulator and bank support for steady credit.
Regulatory measure
- Prepayment charges waived on floating-rate loans to individuals and micro and small enterprises.
- Aim: cheaper credit for small borrowers.
Exam angle
- Meeting number: 30th; place: Coimbatore.