- The Economic Times
Regulatory sandbox to spur innovations in MSME space
A cohort on MSME Lending is expected to spur innovations that can fill the lending gap for MSMEs through the innovative use of technology and data analytics, it further added.
Mumbai: The Reserve Bank of India (RBI) on Friday announced the opening of a third cohort under the Regulatory Sandbox (RS) with MSME Lending as its theme. The window for submission of applications for the cohort shall be open until November 14.
"The MSME segment has emerged as the growth engine of Indian economy contributing significantly to the economic and social development of the country by fostering entrepreneurship and generating large employment opportunities through business innovations," the RBI said in a statement.