Hotline: 1800 102 2007
X
Search Business Opportunities
2013-01-16

RBI, bankers to introduce transparent system for MSME loans

In order to streamline credit flow to small enterprises and ensure that rightful company gets the credit, bankers and Reserve Bank of India (RBI) on Wednesday discussed introducing a transparent system for micro, small and medium enterprise (MSME) loan pr

In order to streamline credit flow to small enterprises and ensure that rightful company gets the credit, bankers and Reserve Bank of India (RBI) on Wednesday discussed introducing a transparent system for micro, small and medium enterprise (MSME) loan proposals.

"We discussed to put a proposal tracking system in place, give acknowledgement and SMS facilities to an applicant," K R Kamath, CMD, Punjab National Bank and Chairman, Indian Banks Association told media persons outside the RBI headquarters.

"Various ways, in which the borrowers or applicants will feel that there is a response from the banks and bankers will be put in place for monitoring the entire flow" added Kamath.

Ajai Kumar, Chairman and Managing Director, Corporation Bank said that to give a thrust to the credit flow to the key sector, there is a need to have transparent systems in place.

"How to create structures and processes so that there is more transparency and applications are properly tracked, no application is rejected without any reason and there is a proper monitoring system at the level of the bank, were among the issues which were deliberated upon," said Kumar.

Related opportunities
  • About Us: A part of BIBA Apparels Pvt. Ltd., ‘Rangriti’ brand..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Publications & Print Media
    About: Jennard Galleries helps to create motivating workplaces where employees and..
    Locations looking for expansion Karnataka
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Booking & Accomodation
    About Us: Launched in 2013, OYO is India’s largest hospitality company...
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • About Us: Pizza is about the Pleasures of Life… Storytelling, Traditions, Secret..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    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