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2009-11-11

MSMEs should get major share of priority sector lending

MSMEs should get at least 20 per cent of the priority sector lending as the segment contributes 40 per cent to the country’s industrial output, as per Rajeev Karwal founder, Milagrow, small business s

MSMEs should get at least 20 per cent of the priority sector lending as the segment contributes 40 per cent to the country’s industrial output, as per Rajeev Karwal founder, Milagrow, small business solution and services firm.

 

Karwal added that the MSME sector is facing several problems like funding structure, technology upgradation, policy framework and infrastructure barrier and it is high time that something substantial should be done for them.

 

Milagrow's report recommended that the Ministry of MSME should create platforms for small and medium enterprises of the nation to enable them to develop contacts and network with their counterparts from across the globe. The recommendations were based on analysis of Europe, North and South America, including countries like Germany, Italy, Canada and the US.

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