It is, therefore, only appropriate that public policy has accorded high priority to this sector in order to achieve balanced, sustainable, more equitable and inclusive growth in the country. 3. The MSMEs primarily rely on bank finance for their operations and as such ensuring timely and adequate flow of credit to the sector has been an overriding public policy objective.
Growth in monetary aggregates has continued at around 3.0 - 4.0 per cent, but it has declined somewhat compared to summer 1996. 3. Looking at individual components of final demand, public-sector investment is expected to follow a declining trend, although it may be supported for the time being by implementation of the government’s supplementary budget for fiscal 1996.