SME Times is powered by   
Search News
Just in:   • Govt to buy 10 pc of bonds issued by MSMEs: Minister  • Industrial output contracts 4.3 pc in Sept  • Prime Minister looks inwards for improving governance  • Business confidence down in Aug-Oct: Survey  • Publishing industry to reach $10bn by 2020: BlueRose Publishers founder 
Last updated: 07 Nov, 2019  

Kalraj.9.Thmb.jpg Banks urged to be more supportive to MSME

Kalraj Mishra
   Top Stories
» Govt to buy 10 pc of bonds issued by MSMEs: Minister
» Industrial output contracts 4.3 pc in Sept
» Business confidence down in Aug-Oct: Survey
» India rising up to assume global leadership position: Naidu
» Goyal to participate in BRICS meet, MSMEs on top agenda
SME Times News Bureau | 07 Nov, 2019

Rajasthan Governor Kalraj Mishra on Thursday urged the banking sector to be more supportive towards the micro, small and medium Enterprises (MSMEs) in the state.

In terms of financial assistance, he said that if required, the parameters and guidelines could be reconsidered to give a fillip to such units.

The Governor was speaking as the chief guest at the third MSME summit 'MSME 2022: Forging the Future' organised here by the Federation of Indian Chambers of Commerce and Industry (FICCI) on Thursday.

Mishra further said the MSME sector was the second in terms of creating employment in the country, only after the agriculture sector.

"With just 20 per cent investment, it creates 80 per cent employment. As much as 31 per cent of the domestic manufacturing is by the MSME sector and 45 per cent of the total export sector," he said.

He also advised the MSME entrepreneurs that they would need to focus on the quality of their products as well as marketing.

Mishra also told the bentrepreneurs that they should avoid over-dependency on the government and that they should be able to overcome the bottlenecks with entrepreneurial acumen.

S. Ravi, General Manager, State Bank of India, Jaipur, said that with increasing competition, the banks are also changing its processes and training the employees to be more sensitive.

Earlier, in his welcome address, FICCI Rajasthan Council Co-Chairman and Mandawa Hotels Joint Managing Director Randhir Vikram Singh said that MSMEs have played a pivotal role in providing employment in backward areas as well as to the youth and socially disadvantaged.

However, the sector also faces many challenges such as technological, financial, high cost of credit, lack of access to the international market, among others, he added.

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 12 Nov, 2019
  Daily Poll
Ease of doing business improved in last one year
 Can't say
  Commented Stories
» RBI cuts key rates by 50 basis points(2)
» Appoint distributors, expand your business(1)
» A GeM of opportunity(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter