New Delhi, Sept. 25 -- The National Traders' Welfare Board (NTWB) has proposed a centralised loan portal with a 30-day timeline for processing loans, along with reforms in the CIBIL score mechanism, to improve access to finance for traders and micro, small and medium enterprises (MSMEs).

The proposals were discussed at the 11th meeting of the NTWB held at New Delhi, according to a release by the Ministry of Commerce and Industry.

Access to timely and affordable credit remains important for traders and MSMEs, which often require working capital to manage inventory, payments and expansion. The Board's proposals seek to make the loan process more transparent and time-bound while addressing issues related to credit assessment.

The Board al...