Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2009-10-29

FM tells bank to increase credit flow to MSMEs

In a review meeting with public sector banks and other financial institutions, finance minister Pranab Mukherjee asked them to increase lending to the employment-generating sectors in the second half

In a review meeting with public sector banks and other financial institutions, finance minister Pranab Mukherjee asked them to increase lending to the employment-generating sectors in the second half of the fiscal.

 

He added that the credit flow to agriculture and small and medium enterprises should top their priority list. The growth rate of advances to SMEs has been about 13% for the last six months which needs to be improved in view of the target of 20% on year-on-year growth in flow of credit said the minister to the bankers at the meeting, which was also attended by the Reserve Bank of India (RBI) and senior finance ministry.

Related opportunities
  • About Us: Education is responsible to make a nation great. We..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Beauty Salons
    About Us: Pro art makeup Academy is a renowned beauty and..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pharmacies
    About Us: Established in 2017, Care Pharmacy is one of Gujrat's..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Tea And Coffee Chain
     About Us: Paparoti: Malaysia’s leading coffee chain popular for its innovative buns...
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
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