Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2013-02-08

Banks to augment credit for Assam SMEs, govt to review land policy: Subbarao

To develop small and medium enterprises in Assam, commercial banks have decided to augment credit to the sector by 50 per cent while the state government has agreed to review its land policy, Reserve Bank Governor D Subbarao told mediapersons on Thursday

To develop small and medium enterprises in Assam, commercial banks have decided to augment credit to the sector by 50 per cent while the state government has agreed to review its land policy, Reserve Bank Governor D Subbarao told mediapersons on Thursday after RBI's central board meeting in Guwahati.

He said that the request for credit enhancement was made by Chief Minister Tarun Gogoi during the State Level Bankers Committee (SLBC) meeting yesterday.

Subbarao added, "After the discussion, banks have agreed to raise the amount of credit flowing to the SME sector by 50 per cent. In the current year, the credit going to the SME sector in Assam is expected to be in the order of Rs 2,500 crore. Next year, they (banks) will raise it to Rs 3,800 crore."

Over the state’s land policy, Subbarao stated that the Assam government has decided to review its land policy to facilitate greater flow of credit for SME sector.

One of the problems pointed out by banks for the low credit flow to the SME sector is due to the policy regarding land conversion from agricultural to non-agricultural in Assam, said the RBI Governor.

"The Chief Minister has agreed to review the policy in order to make sure that small industry sector is not handicapped in getting credit because of the complexity or problems involved in converting from land from agricultural to non-agricultural category," he told to the media.

Related opportunities
  • About:Jwala Gutta’s Global Academy for Badminton is a privately owned..
    Locations looking for expansion Telangana
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Activity Centres, Day Care & Creches
    About:To tap the lucrative market of 'kids edutainment', "Play Streat™..
    Locations looking for expansion Telangana
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 3500 - 7000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Career Counselling & Brain Programming
    Overseas Education Centre - leading Educational Consultant looking for franchise..
    Locations looking for expansion Gujarat
    Establishment year 2003
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 150 Sq ft min.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Vadodara Gujarat
  • A super premium brand for complete Beauty Services and Solutions.Panache..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 50lac - 1 Cr.
    Space required 800 - 1200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gondiya Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities