Industry credit from banks still slow
The Federation of Indian Export Organizations (FIEO) President, A Sakthivel, expressed concern that while bank loans have risen, the overall credit flow is slow in coming to MSMEs.
Banks are freeing up credit for mortgages and consumer loans, but less so for industry and MSME export sector, said Sakthivel. He said that banks must provide more credit to MSMEs to encourage the business environment.
Call centre 'Udyami Helpline', has been inaugurated by Prime Minister Manmohan Singh, opening scope for entrepreneurs to find information on Business opportunities and loan facilities available to them. SMEs shall be the main beneficiary as now they will find guidance and support...
Gujarat Industrial Development Corporation (GIDC) has geared its efforts to build an industry ecosystem where both small and large companies can thrive together. It has concentrated mainly on chemical and engineering sectors and is developing special zones for them. GIDC ha...
