Notification/Circular No. – RBI/FIDD/2017-2018/56 dated July 23, 2025
Applicable Act/Rule: Reserve Bank of India Act, 1934
Reserve Bank of India (RBI) periodically issues directions to streamline and strengthen credit flow to the Micro, Small and Medium Enterprises (MSME) sector.
RBI has released an updated version of its Master Direction titled “Lending to Micro, Small & Medium Enterprises (MSME) Sector”, which consolidates and supersedes earlier circulars issued on the subject. The update dated July 23, 2025, reflects the latest regulatory guidelines and clarifications provided to banks concerning priority sector lending, restructuring, classification norms, and grievance redressal in the context of MSME borrowers.
Banks are expected to adhere to these consolidated guidelines for all lending decisions and compliance reporting related to the MSME sector.
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