SME Times is powered by   
Search News
Just in:   • Sensex ends 135 points lower, Jet ends 32% lower  • Jet stocks sink as investors react to suspension  • Notice to Samsung for not passing GST cut benefit to consumers  • Air India keen on taking 5 grounded Jet Boeings  • US stocks fall as health care shares lag 
Last updated: 12 Feb, 2019  

Giriraj.9.Thmb.jpg Push financial inclusion of MSMEs, Giriraj urges banks

   Top Stories
» Govt suspends LoC trade
» Informal sectors of agrarian India yet to recover: Report
» Cabinet approves extension of duration of New Urea Policy
» Cabinet approves India-Denmark pact on renewable energy
» Three-day Home Expo India 2019 kicks off
SME Times News Bureau | 12 Feb, 2019

MSME Minister Giriraj Singh on Tuesday urged the banking sector to play a stronger role to push financial inclusion of Micro Small and Medium Enterprises (MSMEs) of the country.

In his inaugural address at a Regional Conference on MSME Financing under National SC/ST Hub Scheme in New Delhi, Singh, while appreciating the banking sectors concerns about the Non-Performing Assets and bad debts, pointed out that where there is need based financing from the banks the recoveries have been more than 99 per cent.

He urged the banks to set their priorities in line with the policies and financial guarantees of the Government and provide loans to youth and small entrepreneurs.

The MSME Minister said Government is keen to bring SC/ST entrepreneurs at par with their counterparts in the industry, dedicating financial schemes exclusively for them.

Talking about the 12 initiatives of the Government for the MSME sector announced by the Prime Minister on 2nd November 2108, Giriraj Singh urged MSMEs to take full advantage of the 59 Minute Loan Sanction portal.

He said the resources are limited but the Government, during last 4 years, have done a lot for the development of MSME sector.

Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 19 Apr, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Calicut University Collaborates with ACCA(1)
» Economic concerns amid poll heat(1)
» Appoint distributors, expand your business(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter