Govt to help MSMEs access bank loans at lower rates: Mishra
18/09/2014 12:07
In order to extend loan facilities at lower costs to the micro, small and medium enterprises, the union ministry of micro, small and medium enterprises (MSME) is in talks with the public sector banking enterprise.
'To ensure this, I am meeting the senior functionaries of banking and financial institutions at Lucknow so that an earlier decision is taken on this front with their concurrence which will be duly endorsed subsequently by the Reserve Bank of India, Finance Ministry and the Prime Minister Office," the union minister for MSME Kalraj Mishra said.
He further added that the government is working hard in setting up of credit guarantee trust funds to extend liberal packages to MSME as a whole and inputs have already been incorporated in the new draft MSME Policy which is at the advanced stage of finalization.
The government proposes to roll out the new policy in the next 30 days, Kalraj Mishra said.
As per the specification of the new policy, all clearances for setting of micro and small businesses would be accorded online within a fixed period of 15 days, assured the Minister.
Besides, he said the government plans to open 500 district-level incubation centres across the country to train youth to become entrepreneurs and revitalise the micro, small and medium enterprises (MSME) sector.
18/09/2014 12:07
In order to extend loan facilities at lower costs to the micro, small and medium enterprises, the union ministry of micro, small and medium enterprises (MSME) is in talks with the public sector banking enterprise.
'To ensure this, I am meeting the senior functionaries of banking and financial institutions at Lucknow so that an earlier decision is taken on this front with their concurrence which will be duly endorsed subsequently by the Reserve Bank of India, Finance Ministry and the Prime Minister Office," the union minister for MSME Kalraj Mishra said.
He further added that the government is working hard in setting up of credit guarantee trust funds to extend liberal packages to MSME as a whole and inputs have already been incorporated in the new draft MSME Policy which is at the advanced stage of finalization.
The government proposes to roll out the new policy in the next 30 days, Kalraj Mishra said.
As per the specification of the new policy, all clearances for setting of micro and small businesses would be accorded online within a fixed period of 15 days, assured the Minister.
Besides, he said the government plans to open 500 district-level incubation centres across the country to train youth to become entrepreneurs and revitalise the micro, small and medium enterprises (MSME) sector.
