New Delhi [India], October 7 (ANI): Around Rs 8 trillion in credit has been disbursed to India's micro, small and medium enterprises (MSMEs) over the past three years, backed by the RBI and government policies, helping them access finance, expand business, and participate more effectively in public procurement, Girish Luthra, President, FICCI-CMSME.

"RBI, together with the Government of India, has been working very closely to make finance easier for MSMEs. One of the major challenges was related to guarantees or collateral requirements. The government addressed this by creating a threshold, initially one crore, and now up to ten crores, where MSMEs can access funds without collateral," Luthra told ANI exclusively on the sidelines of 11th FICCI-CMSME Summit in New Delhi.

He said that this

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