Microenterprise development crucial to economic development: RBI’s Chakrabarty


KC Chakrabarty, a deputy governor at the Reserve Bank of India, delivered the keynote address at the Citi Micro Entrepreneur Awards Ceremony, organised by Citi Bank in Mumbai on December 5, 2011.

Chakrabarty said in a developing nation's economy, the small and microenterprises played a "vital" role.

"If India has to have a growth rate of 8–10% for the next couple of decades, it needs a strong micro and small sector and micro entrepreneurs need to be nurtured".

He said these sectors not only give

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: