Mumbai, March 19 -- A panel set up by the Reserve Bank of India (RBI) has sought suggestions from the public on long-term solutions for economic and financial sustainability of MSME sector.
The suggestions have also been sought on ways to improve credit rating mechanism to help them raise funds at competitive rates.
The panel is working on identifying causes and suggest long-term solutions for its development, the central bank said in a statement.
The committee was set up in January under former Sebi chairman U K Sinha.
MSMEs contribute about 45 per cent of the manufacturing output, over 40 per cent of total exports of the country, and around 8 per cent of the country's GDP.
The committee has sought suggestions till March 28 on de...