SBI Chairman pitches for dedicated institutions to track end-use of funds raised by small businesses

The Chairman of the State Bank of India (SBI) has advocated for the creation of dedicated institutions to track the end-use of funds raised by small businesses. He emphasized that such institutions would help ensure transparency and proper allocation of funds. The need for tracking the utilization of funds has become more important as the government and financial institutions focus on supporting small businesses in India. The proposal aims to improve the monitoring and accountability of small business financing, which has become critical in light of the growing number of startups and MSMEs in the country.