In view of the importance of creation of employment opportunities in rural areas, especially with a focus on women and weaker sections of the society, Reserve Bank’s guidelines stipulate that 60 per cent of total advances to the small enterprises sector should go to micro enterprises.
This differential, while sizable, is nonetheless close to the smallest gap seen since comparable data became available in the mid-1970s.” Lael Brainard, “Why Persistent Employment Disparities Matter for the Economy’s Health” (speech at “Disparities in the Labor Market: What Are We Missing?” a research conference sponsored by the Board of Governors of the Federal Reserve System, Washington, D.C., September 26, 2017), www.federalreserve.gov/newsevents/speech/brainard20170926a.htm.