The Reserve Bank of India (RBI) has reiterated its focus on strengthening the micro, small and medium enterprises (MSME) sector. RBI Governor Sanjay Malhotra highlighted the central bank’s ongoing efforts to improve credit flow and formalisation.
The remarks were made during an RBI outreach programme focused on MSMEs. The central bank is also conducting an awareness initiative to improve understanding of MSME schemes and regulatory measures.
The RBI is observing a dedicated awareness week aimed at educating MSME entrepreneurs about existing schemes and regulatory initiatives. This outreach programme seeks to increase awareness of financial and institutional support available to small businesses.
The initiative includes engagement with stakeholders to improve information dissemination. The programme forms part of the central bank’s broader efforts to strengthen MSME participation in the formal financial system.
MSMEs contribute 31.1% to India’s Gross Domestic Product (GDP), reflecting their role in economic activity. The sector accounts for 48.58% of exports and generates 35.4% of manufacturing output.
It comprises over 7.47 crore enterprises across the manufacturing, trade, and services sectors. The sector supports livelihoods for around 32.8 crore people, making it the second-largest source of employment after agriculture.
As of March 2026, more than 7.9 crore MSMEs and informal micro-enterprises have registered on the Udyam and Udyam Assist platforms. These registrations reflect ongoing efforts to bring informal businesses into the formal economy.
The platforms provide recognition and access to institutional support for enterprises. The growth in registrations indicates increased participation in formal systems.
Digital platforms such as Government e-Marketplace (GeM), Trade Receivables Discounting System (TReDS), and SAMADHAAN are supporting MSME operations. GeM enables access to government procurement opportunities for small businesses.
TReDS facilitates receivables financing, helping enterprises manage working capital requirements. SAMADHAAN addresses issues related to delayed payments, supporting timely dispute resolution.
Read More: RBI Lower Risk Weight on ECLGS 5.0 Loans to Ease Capital Norms.
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The RBI has highlighted its continued focus on improving credit access and formalisation in the MSME sector. Policy measures and awareness programmes are being implemented to strengthen participation in formal financial systems.
The sector’s contribution to GDP, exports, and employment reflects its role in economic activity. The central bank has outlined its commitment to supporting MSME development through ongoing initiatives.
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Published on: Jun 22, 2026, 2:47 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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