Andhra Bank has reduced interest rates to micro businesses by 100 basis points and for small businesses by 50 basis points. The policy change will immediately apply to both existing and new loans.
The bank has also announced that they will grant need-based ad hoc working capital demand loans up to 20 percent of the existing fund-based limits for units with overall fund-based credit facility up to Rs 10 crore.
The auto component Manufacturers’ Association of India (ACMA) revealed that the domestic auto component industry has pegged 20% growth in the year 2009-10. Its turnover remained US$ 22 billion. The reason for such growth has been the expansion activities undertaken by SMEs ...
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...
