2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who is the head of the committee constituted by the RBI to look into the measures for the economic and financial sustainability of the MSMEs?
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Dr. Surjit S Bhalla
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G Rohini
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U K Sinha
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Rajiv Gauba
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Explanation:
Detailed explanation-1: -Key Recommendations of the Committee: The committee also suggested forming a government-sponsored Fund of Funds of ₹10, 000 crore to support venture capital and private equity firms investing in MSMEs. The RBI should increase the limit for non-collateralized loans to 20 lakhs.
Detailed explanation-2: -The U.K.Sinha Committee on Micro, Small and Medium Enterprises has made recommendations with regard to amendments in MSME Development Act, strengthening of financial delivery mechanism, improving marketing support, encouraging technology adoption and strengthening of cluster development support for MSMEs etc.
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