Besides agriculture, MSME is the second largest sector as far as employment is concerned. The Empowered Committee on MSME in Chhattisgarh has done a fairly good job and the State has witnessed a steady growth in loans to this sector. Subsequent to the recommendations of High Level Task Force by Prime Minister, there is an increased focus on Micro and Small Enterprises (MSE).
This is a wellestablished principle that is shared in Japan, the United Kingdom and globally, regardless of whether an inflation targeting framework is adopted. The more successful the conduct of monetary policy is, however, the more stable prices become and the less volatility is seen in economic activity and financial markets.