MSME minister urges banks to facilitate greater access to institutional credit

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Union MSME Minister Jitan Ram Manjhi urged banks to broaden institutional credit access for micro, small and medium enterprises, and asked all stakeholders to ensure the effective rollout of government schemes aimed at sector growth.

The minister toured Puducherry on July 8‑9 to assess the progress of the MSME Ministry’s flagship programmes, directing stakeholders to enhance MSME access to technology, financing, skill development, market linkages and quality‑support infrastructure.

During the trip he led a detailed review meeting that included officials from the ministry, the Puducherry administration, the Development & Facilitation Office, Khadi and Village Industries Commission, Coir Board, National Small Industries Corporation (NSIC), SIDBI, members of the State Level Bankers’ Committee (SLBC), MSME associations and other stakeholders.

“Discussions were focused on improving awareness and greater uptake of these schemes,” an official statement said.

The minister urged banks to facilitate greater access to institutional credit for MSMEs and called upon all stakeholders to ensure effective implementation of government initiatives for the sector growth, it added.

Published on July 10, 2026