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SME body calls for reforms to improve credit access
Business Standard
|September 25, 2025
The Small & Medium Business Development Chamber of India (SME Chamber of India) has called for urgent reforms to improve credit access for micro, small and medium enterprises (MSMEs), recommending easier and more affordable loans, waiver of processing fees, uniform application formats across banks, and greater interaction between senior bank officials and entrepreneurs.
It has appealed for the creation of a permanent Standing Advisory Committee under the Reserve Bank of India (RBI) to regularly review and resolve the sector’s financial challenges.
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