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.

Tags: consumer loans, credit flow, Federation of Indian Export Organizations (FIEO), mortgages, MSME export sector

This entry was posted on Thursday, June 25th, 2009 at 3:38 am and is filed under Small Business News, Small Business Trade. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.