Finance Ministry asks RBIs to increase mandatory small business lending limits
On behalf of several small business associations and industry players, the Finance Ministry has asked the RBIs to increase the mandatory lending limit to micro, small and medium enterprises in India from 12 percent to 15 percent.
Earlier the RBI had asked public sector banks to increase credit flow to the small business sector.
With economies of Europe and US are hard-hit by recession, SMEs in India has also witnessed decline in the last three quarters of 2008. The strong linkage with agricultural sector is one reason for micro, small and medium enterprises’’ (MSMEs) economic recession. But it would...
A new national level call-centre, named Udayami Helpline is about to be launched to help entrepreneurs of the country seek information and to redress their grievances. The call centre is given a single window model with a single toll-free number to serve entrepreneurs in India. U...
