An RBI-appointed panel on Monday sought suggestions from the public on long-term solutions for economic and financial sustainability of MSME sector, including ways to improve credit rating mechanism to help them raise funds at competitive rates.
The panel is undertaking a comprehensive review of the sector to identify causes and propose long-term solutions for its development, the central bank said in a statement.
The committee was set up in January under former Sebi chairman U K Sinha.
MSMEs contribute about 45 per cent of the manufacturing output, over 40 per cent of total exports of the country, and around 8 per cent of the country’s GDP.