<h1>Deputy Governor Highlights MSMEs' Vital Role in Economy, Urges Improved Credit Access and Digital Adoption.</h1> The Deputy Governor of the Reserve Bank of India highlighted the crucial role of Micro, Small, and Medium Enterprises (MSMEs) in the economy, emphasizing their contributions to GDP, exports, and employment. Despite their importance, MSMEs face challenges in accessing timely credit due to factors like information asymmetry and lack of formalization. The RBI has implemented measures such as Priority Sector Lending and digital platforms to improve credit access. MSMEs are encouraged to formalize operations, maintain financial discipline, and leverage digital tools to enhance credibility and access to finance. Collaboration among stakeholders is essential for the sector's growth and resilience.