The Reserve Bank of India (RBI) and the government of India are requiring banks to double their 2005 credit flow by 2010 to support the Indian small business sector during the economic downturn.
The mandate originated at a Officials of the State Level Bankers Committee (SLBC) meeting, held in Karnataka to discuss issues related to Small and Medium Enterprises (SMEs) during the economic downturn.
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...
