NEW DELHI: Housing and small & medium enterprises could soon receive a greater share of bank lending as the Reserve Bank of India is considering changes in the norms for priority sector lending, a senior official of the apex bank told ET. The RBI is looking at realigning the directed lending by banks following demands from housing and small & medium industries, sectors that can have a large impact...
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Housing and small & medium enterprises could soon receive a greatershare of bank lending as the Reserve Bank of India is considering changes in thenorms for priority sector lending, a senior official of the apex bank toldET.The RBI is looking at realigning the directed lending by banksfollowing demands from housing and small & medium industries, sectors thatcan have a large impact on output and employment...
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Union minister for micro, small& medium enterprises (MSME) Dinsha Patel on Monday inaugurated the firstbranch of National Small Industries Corporation Limited (NSIC) with the view tofacilitate the growth of small enterprises in Surat and south Gujarat region.After Ahmedabad and Rajkot, Surat is the third city in the state tohave a branch office of NSIC. The small enterprises in Surat and south Gujaratwill...
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promote emergingtechnological and knowledge-based innovative ventures, UP government hasselected the Indian Institute of Information Technology, Allahabad (IIIT-A) fora Government of India scheme -- Support of entrepreneurial and managerialdevelopment of small medium enterprises (SME) through incubators.Giving information, IIIT-A director M D Tiwari said the institutehas been invited by the state government...
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Andhra Pradesh Small Industries Association has asked the mechanical engineering students to make optimal use of facilities available in and around Guntur/Vijayawada for hands-on experience.Association president Y.V. Krishna Mohan said: “Do not just admire at things as they are. Try to understand the processes and technologies used to manufacture those things.”The association president, participating...
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"Sub-groups on credit flows have recommended that there should be an interest subsidy scheme for the micro, small and medium enterprises," MSME Secretary Dinesh Rai said at a CII function...
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KOLKATA: Banks are often criticised for not being generous when it comes to extending credit to the small scale sector. But inclusion of medium-sized units in the sector since 2006 has helped them post a substantial rise in their aggregate lending to the sector, now known as micro, small and medium enterprises (MSMEs) sector. This is reflected in the past three years' trend in credit flows to the MSME...
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KOLKATA:Banks are often criticised for not being generous when it comes to extendingcredit to the small scale sector. But inclusion of medium-sized units in thesector since 2006 has helped them post a substantial rise in their aggregatelending to the sector, now known as micro, small and medium enterprises (MSMEs)sector.This is reflected in the past three years' trend in creditflows to the MSME sector...
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Orissa State Financial Corp (OSFC) has tied up with Small Industries Development Bank of India (SIDBI) to strengthen credit flow into the small and medium enterprises sector in the state.As per the agreement, SIDBI will provide re-finance facilities for the development of small scale industries at concessional rate, an OSFC official told media.Officials of SIDBI and OSFC have signed an agreement in...
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Cheaper finance and reservation in industrial plots for micro, small and medium enterprises are some of the proposals that will be considered by a panel headed by the Prime Minister's top aide, on November 19."Sub-groups on credit flows have recommended that there should be an interest subsidy scheme for the micro, small and medium enterprises," MSME Secretary Dinesh Rai said at a CII function here...
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