Reserve Bank of India Governor Sanjay Malhotra met select MSMEs and representatives of MSME associations in Mumbai on February 16, 2026. The meeting emphasized the sector’s pivotal role in India’s economy and highlighted the need for improved access to formal credit, digital adoption, and policy support for sustainable growth.
The Reserve Bank of India (RBI) continued its stakeholder engagement efforts with Governor Sanjay Malhotra holding discussions with micro, small and medium enterprises (MSMEs) and their associations in Mumbai. Deputy Governors T Rabi Sankar, Swaminathan J, and S C Murmu also participated, underlining the central bank’s commitment to inclusive dialogue.
Key Highlights
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Improving access to timely and adequate formal credit was identified as a top policy priority, with emphasis on reducing dependence on informal lending channels
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The Governor underscored the MSME sector’s contribution to GDP, exports, and employment, positioning it as a backbone of India’s economic resilience
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Discussions included the importance of digital payments and formalisation to enhance efficiency and competitiveness
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Stakeholders raised concerns around financing challenges, regulatory compliance, and the need for smoother integration into the formal financial system
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The RBI reaffirmed its intent to strengthen institutional support and ensure MSMEs benefit from evolving credit frameworks and digital infrastructure
The meeting reflects the RBI’s proactive approach to balancing financial stability with growth, ensuring MSMEs remain empowered to drive India’s economic momentum.
Sources: Reserve Bank of India press release, CNBC TV18, India Shipping News