The purpose of this initiative is to ensure the credit risk is shared by the Facility and the participating financial institutions so that the institutions can be encouraged to make loans available to MSMEs. Other components of the program include Financial, Business and market information advisory, innovation hub and strategic partnerships – all mostly to address and enhance demand-side of MSME financial access.
1/2  BIS central bankers' speeches  b) Financial Consumer Protection– a project currently in the Bank to improve financial market conduct, to provide financial consumer awareness and address the unregulated lending by loan sharks or money lenders, which is an area of serious concern because of what we observe as unintended consequences of debt traps by borrowers.