RBI can remove barriers to micro-credit – Acharya


Staff at the Reserve Bank of India “firmly believe” they have the opportunity to “rethink and reshape” the flow of credit to micro-enterprises, deputy governor Viral Acharya said in a recent speech.

“We are excited about how we can solve in a fundamental way the information problem affecting access to credit for micro-entrepreneurs,” Acharya said, as he detailed plans for a credit register in India. The RBI first unveiled the plans in June 2018.

Credit flows to micro, small and medium-sized

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