Federal Reserve Chairman Ben Bernanke, recommended the banks and regulators on Monday to determine the measures for making sure that small-scale business enterprises avail the required amounts of credits, which in turn will generate new job opportunities.

"Making credit accessible to sound small businesses is crucial to our economic recovery and so should be front and center among our current policy challenges," Mr. Bernanke said.

He added that in order to generate employment, the small businesses should be the main focus. However, he said that the focus is not being observed in the sector, as of now.

Fed officials are raising concerns over the rising unemployment rates in the nation. The joblessness rates dipped to 9.5% in June from 9.7%, the preceding month.

The economy saw a massive job cut this fall, with nonfarm payrolls dropping by more than 125,000, the previous month.

The development of small businesses relies on their avail to credit, said Mr. Bernanke, adding that it has been reported that that the credit conditions are very tough.

The discussions are result of a fact-finding mission, which was unveiled by Fed in February for recognizing how to advance credit access for small firms. These discussions have restricted over 40 meets between the central bank and the business groups.