Furthermore, four informal Groups have been set up by the RBI to analyse various micro-finance issues relating to (i) structure and sustainability; (ii) funding; (iii) regulations; and (iv) capacity-building. The RBI will discuss the recommendations of the informal Groups in a wider forum for possible implementation.
The SSI sector has so far been resilient to the impact of the policy changes - increasing domestic and foreign competition following the de-reservation and import liberalisation of items as well as the relatively high interest rates - and has withstood the general deceleration in the industrial sector during 1997-98 to 2002-03.