<h1>RBI Deputy Governor Highlights Financial Sector's Role in Boosting MSMEs Through Digitalization and Tailored Support.</h1> The Deputy Governor of the Reserve Bank of India addressed the role of the financial sector in supporting Micro, Small, and Medium Enterprises (MSMEs) during a speech at the Foreign Exchange Dealers Association of India event. MSMEs are crucial to India's economy, contributing significantly to GDP, manufacturing, and exports. However, they face challenges such as limited access to finance, delayed payments, and infrastructure bottlenecks. The financial sector can aid MSMEs by enhancing digitalization, improving financial literacy, and providing tailored financial products. The RBI has initiated measures like the Trade Receivables Discounting System to support MSMEs, emphasizing the importance of a sensitive approach towards their unique challenges.