Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-03-04

RBI panel to review credit flow to MSMEs

A meeting of the Reserve Bank of India\\\\\\\\\\\\\\\'s Standing Advisory Committee has been convened this month to review the flow of institutional credit to the MSME sector.

A meeting of the Reserve Bank of India's Standing Advisory Committee has been convened this month to review the flow of institutional credit to the micro, small and medium enterprises (MSME) sector, according to the fortnightly e-newsletter of the Federation of Indian Micro, Small and Medium Enterprises (FISME).



The RBI has constituted the Standing Advisory Committee (SAC) with Deputy Governor K C Chakrabarty as chairman. The officials of the ministry of micro, small and medium enterprises, banks and associations of the MSME sector are members of the SAC.



The committee has been mandated to examine issues relating to credit availability to the MSME sector. It will also examine the constraints and the steps being taken to overcome them, so that the institutional credit flow to MSMEs improves.



On the agenda for the meeting is a review of credit to the MSME sector, the newsletter said. In this regard, it will review data on outstanding credit to the sector as on December 31, 2013 as received from the banks; suggestions received from industry association and chambers; and recent initiatives to facilitate credit flow to the sector.



The committee will also review findings of the IBA (Indian Banks' Association) on 'Quick Study on the MSE sector' and release of long-pending claims of banks under the erstwhile PMRY (Prime Minister's Rozgar Yojana) subsidy, the newsletter added.

Related opportunities
  • Career Counselling & Brain Programming
    About Us: Brain Checker Techno Services (India) is India's Largest Career..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • Ice Creams & Yogurt Parlors
    About Us: FRIENDLY OPPORTUNITY FOR ENTREPRENEURS Low Cost of Capital Minimum Operational Expenses..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 25
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Furniture/Home Decor & Furnishing
    About Us: ▪ The innovative and creative business concept of ''Paint-Lib''..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Casual Dine Restaurants
    Café Udupi Ruchi, is a restaurant which will provide the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Rural District Karnataka
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