SME Times is powered by   
Search News
Just in:   • 'Apparel exporters can fill gap vacated by coronavirus-hit China'  • 'Co-living, co-working gets higher rents than traditional realty'  • Madhabi Puri, 3 secretaries in race for SEBI chairman  • Fintech funding in India doubled to $3.7bn in 2019  • Kashi Mahakal Express to start commercial run from today 
Last updated: 07 Nov, 2019  

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

Kalraj Mishra
   Top Stories
» 'Apparel exporters can fill gap vacated by coronavirus-hit China'
» Naidu asks youth to join the forces of growth
» Govt not willing to acknowledge slowdown: Manmohan
» Cabinet approves raise of interest subvention for dairy scheme
» Paswan interacts with industry on new consumer protection act
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 :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 21 Feb, 2020
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MSME credit gets a boost (1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter