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    <title>Micro, Small and Medium Enterprises: Challenges and Way Forward (Shri Shaktikanta Das, Governor, Reserve Bank of India - March 6, 2020 - at the 15th ASSOCHAM Annual Banking Summit)</title>
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    <description>The Reserve Bank recognises MSMEs&#039; economic role and recent constraints - infrastructure, formalisation, technology uptake, credit access and delayed payments - and has implemented measures: priority sector incentives for NBFC on lending, a one time restructuring window for eligible GST registered MSME accounts without asset classification downgrade, temporary CRR relief for incremental MSME lending, external benchmark linkage for floating rate loans, and expansion of receivables financing through TReDS and authorisation of new platforms, while promoting data driven underwriting, Regulatory Sandbox cohorts and a Public Credit Registry to reduce information asymmetry.</description>
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