Mumbai, July 29 -- The PHD Chamber of Commerce and Industry (PHDCCI) presented forth a comprehensive set of policy recommendations to the RBI Governor, which is aimed at enhancing credit access, regulatory support, and financial efficiency for India's Micro, Small, and Medium Enterprises (MSMEs). Recognizing the critical role of MSMEs in driving India's economic growth, PHDCCI's submission included eight targeted action points. The Chamber appreciated the Union Government's move to expand credit guarantee schemes and urged the RBI to ensure effective implementation. To that end, it was suggested that RBI should create designated helpdesks at field offices level to support MSMEs facing credit access challenges.

A key recommendation includ...