MSME lending: RBI nudges banks to link MSME loans to external benchmark; govt lists wider support measures
Banks have been advised by the Reserve Bank of India (RBI) to link loans extended to micro, small and medium enterprises (MSMEs) to an external benchmark in order to strengthen monetary policy transmission, the government informed Parliament on Saturday.In a written reply to the Lok Sabha, Minister of State for MSME Shobha Karandlaje said the…