Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-06-24

NSIC wants cheap loan from SBI

The rating helps them in getting loans at concessional rates, Kumar said, adding that during the fiscal, NSIC would assist about 18,000 MSMEs to get the ratings.



National Small Industries Corporation (NSIC) is in talks with State Bank of India for a pact, under which the country's largest lender would provide easy and affordable credit to small and medium-sized firms after having already signed such pacts with banks like Yes Bank, Axis Bank and Central Bank of India.

"More and more banks are coming up to sign agreements with us as they want MSMEs to be their customers. Now we are in negotiations with State Bank of India," NSIC Chairman-cum- Managing Director H P Kumar told a private news agency.

Kumar also said that the corporation is helping the units in getting credit ratings from firms like Crisil and Fitch.

The rating helps them in getting loans at concessional rates, Kumar said, adding that during the fiscal, NSIC would assist about 18,000 MSMEs to get the ratings.

Almost 10,200 units got ratings in the last fiscal year. NSIC provides coal, steel and aluminium to small firms at bulk discount rates.

MSMEs face credit crunch as they fail to fulfil collateral requirements and have limited access to equity capital. There are about 26 million enterprises, which provide employment to almost 60 million people.

Related opportunities
  • Juices / Smoothies / Dairy parlors
    About Us: We are likely to bring about a revolution in..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 35
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    OASIS EDUCATIONAL SERVICES – now a pioneer in the arena..
    Locations looking for expansion Delhi
    Establishment year 1992
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Opticians/Eye Wear
    About Us: Established in 2010 Mujosh is Cutting edge fashion eyewear..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Security Services
    About Us: A GPS tracking unit is a device that uses..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New 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