The Thane Small Scale Industries Association (TSSIA) on Saturday welcomed the Reserve Bank of India (RBI)'s cautious monetary policy, but said the micro, small and medium enterprises (MSME) sector urgently requires simplified, affordable and swift credit supply.

The RBI on Friday kept its benchmark repo rate unchanged at 5.25 per cent, and announced a raft of measures to attract foreign capital and support the rupee amid growing risks to growth and inflation from the prolonged West Asia conflict, elevated energy prices and global supply-chain disruptions.