The Reserve Bank of India
had set up an eight-member
expert committee under the leadership of former chairman
of SEBI, UK Sinha
on 18 June 2019. The aim is to review the current framework for the MSME
sector.
Members
of the committee:
1)Head: UK
Sinha, former chairman of SEBI
Other
members:
2)Ram Mohan Mishra, development commissioner for
MSME
3)Pankaj Jain, Joint secretary at the department
of financial services
4)PK Gupta, SBI managing director
5)Anup Bagchi, ICICI Bank executive
director
6)Professor Abhiman Das, IIM- Ahmedabad
7)Sharad Sharma, Ispirit Foundation
founder
8)Bindu Ananth, Dvara Trust chairperson
Purpose
of the committee:
The expert committee was set up to:
♦ suggest a long-term solutions for the economic and financial sustainability of
the micro, small
and medium enterprises
♦ to study the impact of the recent economic
reforms on the sector
♦ to identify the structural problems affecting
its growth
♦ to submit the report analysis by the end of
June
Upon reviewing the existing MSME focused
policies and their impact, the committee will propose measures for leveraging technology in
accelerating growth of the sector apart from recommending the global best
practices.
The setting up the expert committee was
announced by RBI at
the December 2018 monetary policy announcement.
