Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2009-10-14

Credit Flow to MSME Sector Doubles: RBI

The flow of credit to micro, small and medium enterprises (MSMEs) has increased by more than double according to KC Chakrabarty, deputy governor, RBI. The banks credited Rs 2.57 lakh crore to the MSME

The flow of credit to micro, small and medium enterprises (MSMEs) has increased by more than double according to KC Chakrabarty, deputy governor, RBI. The banks credited Rs 2.57 lakh crore to the MSMEs in the financial year which ended in March 2009.


The governor also said that the credited amount had increased from Rs 1.27 lakh crore to Rs 2.57 lakh crore in two years time to the MSME sector at a conference on finance availability for MSMEs by industry body CII.

Asking entrepreneurs to come up with viable projects that can convince bank branch managers of repayment of the loan, he said there is no shortage of funds and industrialists must understand the difference between money and credit.

 

Chakrabarty suggested to banks that they should not be as aggressive as venture capitalists and must do their own assessment before advancing loans without depending on the credit rating agencies.

 

He added the country needs a robust MSME sector to grow at a rate of 10 per cent for the next 20 years. There are 30 million MSMEs in the country. The SME sector has showed an average growth of 18 per cent in the last five years. About 98 per cent of the manufacturing units are in the SME sector.

Related opportunities
  • About Us: We are having restaurants by the Name " Pizza..
    Locations looking for expansion Uttar pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ghaziabad Uttar pradesh
  • Others Food Service
    About Us: Juclear's prime focus is serving affordable fresh fruit juices..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: A Surat based waffle café named Waffle Republic. Serves..
    Locations looking for expansion Gujarat
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Imagine yourself having a tried and tested winning formula in..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2008
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City 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

Free Advice - Ask Our Experts