U K Sinha Committee on MSMEs
- On 18th June, 2019, Expert Committee under U K Sinha On Micro Small and Medium Enterprises(MSMEs) submitted its report to RBI.
- It was set up in January, 2019 to suggest long-term measures for the economic and financial sustainability of the MSME sector.
Major Recommendations
- Establishing a Rs 5,000-crore distressed assets fund to make equity investments that help unlock debt or revive sick units.
- Setting up a non-profit special purpose vehicle (SPV) to support crowd-funding particularly to pave the way for a conducive business ecosystem for MSMEs
- Doubling the limit for banks to extend loans without collateral to Rs 20 lakh
- Introduction of voluntary certification ....
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