To ensure enhanced credit flow to the sector, and more so to the micro units, in terms of the recommendations of the Prime Minister’s Task Force on MSMEs (Chairman: Shri T.K.A.Nair, Principal Secretary, Government of India) constituted by the Government of India, banks have been advised to achieve a 20 per cent year-on-year growth in credit to micro and small enterprises; the allocation of 60% of the MSE advances to the micro enterprises is to be achieved in stages viz.
1/3  BIS - Central bankers' speeches  My expectation is that the slowing economy will soon begin to reduce job growth, with labor supply and labor demand coming into better balance. The unemployment rate may rise gradually to levels still consistent with a growing economy.