Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-09-18

SBI moots for SMEs

The State Bank of India (SBI) is planning an extension in terms of the special concession scheme meant for the small and medium units (SMEs) in the country.

The State Bank of India (SBI) is planning an extension in terms of the special concession scheme meant for the small and medium units (SMEs) in the country.

“We may relook at extending the special concession scheme to SMEs,” said Mr. Manas Kumar Nag, Chief General Manager SME Business Unit, State Bank of India, to the media persons on the sidelines of a banking conference organized by the industry body, Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks Association (IBA).

Adding further Mr. Nag said, presently SBI has invested around Rs 1 lakh crore in the SME sector and hopes to recover over Rs 300 crore under one-time settlement scheme in this fiscal. Depending on the ticket-size SBI charges between 8.5 % and 12.75 % for SME customers.

Nag also said stress levels are decreasing among Indian SMEs and the number of SME accounts restructured this year is very less corresponding to the same period last year.

Related opportunities
  • Quick Service Restaurants
    About Us: Biryani queen is a unique & Conceptualized QSR brand,..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Thindi Xpress with its rich ingredients and unique dishes..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Bars, Pubs & Lounge
    An enthusiastic bunch of astronomers, space cadets and chefs came..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 8000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Preschools
    About: Doodleton is a high - quality, research-based. child-centric early learning progra..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    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