Lending to MSME Sector: RBI’s Master Direction for Banks

RBI’s Master Direction for Banks on Lending to Micro, Small & Medium Enterprises (MSME) Sector

RBI has issued Notification dt. 21 July 2016 containing Master Direction for Banks on Lending to Micro, Small & Medium Enterprises (MSME) Sector.

These Directions shall be called the Reserve Bank of India [Lending to Micro, Small & Medium Enterprises (MSME) Sector] Directions, 2016 and shall come into effect on 21st July, 2016. The provisions of these Directions shall apply to every Scheduled Commercial Bank {excluding Regional Rural Banks (RRBs)} licensed to operate in India by the Reserve Bank of India.

RBI Notification dt 21 July, 2016 Master Direction – Lending to MSME Sector

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