Amit Mitra urges banks for more advances to MSME in West Bengal

West Bengal industry minister Amit Mitra has urged the banking sector to extend more advances to the MSME sector.

"The banking sector should increase the extent of assistance to the MSME sector in Bengal," Mitra said at the inauguration of SBI's specialised branch for small and medium sector.

During FY12-13, the MSME sector had got advances to the tune of Rs 4200 crore, while the amount jumped to Rs 8200 crore in the first half of FY13-14, a rise of more than 100 per cent, he added further.

"The banks should increase this by 150 per cent for the full FY13-14 fiscal," Mitra said. This would help the MSMEs to engage themselves in the financial inclusion process, the minister said.

Mitra said 92 per cent of the manufacturing sector in the country was unorganised, out of which a big chunk was MSMEs.

Related opportunities

Departmental/Unisex

T T BRANDS

TT group is a vertically integrated textile company in India. It..

Locations looking for expansion Delhi

Establishment year 1950

Franchising Launch Date 2023

View Detail

Investment size Rs. 10lakh - 20lakh

Space required 300

Franchise Outlets -NA-

Franchise Type Unit

Headquater New delhi Delhi
Furniture/Home Decor & Furnishing

Bay Window

At Bay Window, we understand the delicate balance between aesthetics..

Locations looking for expansion Andhra pradesh

Establishment year 1950

Franchising Launch Date 2023

View Detail

Investment size Rs. 1 Cr. - 2 Cr

Space required 12000

Franchise Outlets -NA-

Franchise Type Unit

Headquater Shaikpet Andhra pradesh
Movies (Multiplex)

ICONIX CINEMAS

ICONIX CINEMAS PRIVATE LIMITED offers comprehensive solutions for setting up..

Locations looking for expansion Madhya pradesh

Establishment year 2018

Franchising Launch Date 2023

View Detail

Investment size Rs. 1 Cr. - 2 Cr

Space required 6000

Franchise Outlets -NA-

Franchise Type Unit

Headquater Indore Madhya pradesh
Bars, Pubs & Lounge

Sahastra Foods and services Pvt. Ltd.

Adam's Ale is a one of its kind kitchen &..

Locations looking for expansion Madhya pradesh

Establishment year 2021

Franchising Launch Date 2023

View Detail

Investment size Rs. 2 Cr. - 5 Cr

Space required 00

Franchise Outlets -NA-

Franchise Type Unit

Headquater Indore Madhya pradesh