Ahmedabad, March 4 -- The 29th Meeting of the Standing Advisory Committee (SAC) to review the flow of credit to Micro, Small and Medium Enterprises (MSME) sector was convened today in Ahmedabad under the chairmanship of Swaminathan J, Deputy Governor of the Reserve Bank of India.

The meeting focused on addressing critical challenges facing the MSME sector and exploring strategies to enhance credit accessibility.

In his keynote address, the Deputy Governor emphasised the fundamental importance of the MSME sector to India's economic development.

He reaffirmed the Reserve Bank's dedication to bolstering institutional credit support through several key initiatives, including the Unified Lending Interface (ULI), the Account Aggregator frame...