New Delhi, May 31 -- Union Minister of State for Micro, Small and Medium Enterprises and Labour and Employment Shobha Karandlaje criticised banks for imposing excessive bureaucratic hurdles on micro, small and medium enterprises seeking loans during the India MSME Conclave 2025 held on Friday.

The minister emphasised that financial institutions are causing significant difficulties for MSMEs through cumbersome paperwork requirements and restrictive lending practices.

Deputy Chief Minister DK Shivakumar joined Karandlaje in urging banks to adopt more liberal approaches toward MSME financing.

Shivakumar confirmed the Karnataka government's commitment to establishing a dedicated department for small and medium enterprises, fulfilling a pro...