MSMEs are an important engine of growth for the Indian economy as they contribute around 45% of exports and provide employment opportunities to more than 11.1 crore people. The provision of appropriate credit for MSMEs through seamless and digital cash-flow based lending will provide them with the much-needed impetus.
Finally, we have to return to individual responsibility: those who take risks may well reap the benefits but must also face the consequences. Thank you very much for your attention. 4  BIS central bankers’ speeches