Monetary Policy favours MSME growth

All India Association of Industries (AIAI) welcomes the pragmatic and balanced Monetary Policy announcement specially in regard with the MSME sector by removal of priority sector credit cap lending which will enable the MSME sector to mobilize more reserves and further also the simplification of repo reduction which is the much needed demand of this vibrant sector said Mr. Vijay Kalantri, President, All India Association of Industries (AIAI).

AIAI further feels there is need to reduce the interest rate in regard with the MSME and infrastructure sector to boost growth and job creation.