Penny wise Pound foolish

      Both the Central Government and RBI make policy from MSME where the intent is clear to benefit MSME.

      But RBI leaves to bank Branch to make policy with the guidelines given and this ultimately reaches branch manager

.

      Today generally branch managers are either ignorant or pretend to be ignorant and twist the interpretation which is harmful to banks' intent as they are afraid of court, CBI, and corruption.

       This is increasing a layer for the delay and this is killing MSME. Many entrepreneurs who are regular in their payment but still facing the problem of getting a loan and their ideas are dying.

Now industry secretary MSME Mr. A.K  Sharma has stated "champions" for faster grievances resolutions. This for small gains Indian Economy suffers. this needs correlation in the right spirit.