New Delhi, Oct. 8 -- Around Rs 8 trillion in credit has been extended to India's micro, small and medium enterprises (MSMEs) over the past three years, supported by coordinated efforts between the Reserve Bank of India (RBI) and the government, according to Girish Luthra, President, FICCI-CMSME.

Speaking to ANI on the sidelines of the 11th FICCI-CMSME Summit in New Delhi, Luthra said the policy focus on easier access to finance has significantly strengthened MSME participation in India's industrial and procurement ecosystem.

"RBI, together with the government, has been working very closely to make finance easier for MSMEs. One of the major challenges was related to guarantees or collateral requirements. The government addressed this by ...