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.
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...
