Srinagar, Nov. 11 -- The Reserve Bank of India (RBI) has called for strengthening institutional credit, improving market access and promoting formalisation of Micro, Small and Medium Enterprises (MSMEs) in Jammu and Kashmir and Ladakh.

The issues were discussed at the 72nd meeting of the Empowered Committee on MSMEs for the two Union Territories, convened by RBI Jammu for the quarter ended September 30, 2026.

The meeting was chaired by Prabhakar Jha, Regional Director, RBI Jammu, and attended by representatives of government departments, banks, financial institutions and industry associations, reported Kashmir Observer.

In his inaugural address, Jha highlighted the MSME sector's role in economic growth, employment generation and entrep...