Make 2019 year of MSMEs

Financial support is also expected to come from the surplus funds of the Reserve Bank. A committee formed by new RBI governor Shaktikanta Das will decide the surplus that the RBI needs to retain in its reserves. So the rest could be used to finance MSMEs. His predecessor Urjit Patel had resigned in protest against the use of the RBI's surpluses by the government. The importance of nurturing MSMEs cannot be underestimated. These provide nearly six crore jobs and are the backbone of our exports, accounting for nearly 49 per cent of exports. Many could become big corporates of tomorrow. The government also needs to source more goods and services from MSMEs as this could be a game-changer, particularly in rural India, which is home to nearly 60 per cent of our MSMEs. ... Dailyhunthttps://diigo.com/0dij8i

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