At a seminar organized by the Confederation of Indian Industries, the issues related to SME finances were discussed at length. It was said that a large number of SMEs were unable to get financial aid from the banks.
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Tag: Indian Bank
Easy loans come to rescue as SMEs inch towards GST
Banks releasing working capital loans for SME clients & providing own readymade SaaS-enabled platforms for easier GST compliance; Online lenders trying to tap into post-GST market
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Nearly 75% govt banks miss MSME loan growth target
NEW DELHI: Despite the NDA governments push on improving credit to the micro, small and medium enterprises (MSMEs) in the country, only seven out of India’s 27 state-owned banks have achieved the loan growth target for the sector. The Finance Ministry had asked banks to register a 10% annual grow…
Credit plan envisages support for agriculture, MSMEs
A Rs.6,212.38 crore Annual Credit Plan (ACP) has been released for the district for 2016-17 envisaging priority lending support across sectors, including agriculture and MSMEs. G Vijaya, District Revenue Officer (DRO), Cuddalore launched the ACP for the fiscal prepared by the lead bank, the India…
CII arm helps SMEs secure loans of Rs. 650 crore
The SME Finance Facilitation Centre of CII has facilitated the members of Small and Medium Enterprises to receive loan from various banks to the tune of Rs. 650 crore, according to Amit Kumar Tripathi, Deputy Director, and Confederation of Indian Industry. Speaking at a session on “empowering SME…