SME Times is powered by   
Search News
Just in:   • TN yarn manufacturers form association to revive struggling sector amid rising costs  • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour 
Last updated: 18 Nov, 2019  

Rupee.9.Thmb.jpg Rs 15 lakh cr bank credit to MSMEs last fiscal

Rupee.9.New.jpg
   Top Stories
» TN yarn manufacturers form association to revive struggling sector amid rising costs
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
SME Times News Bureau | 18 Nov, 2019

The total outstanding credit to the MSME sector by Scheduled Commercial Banks in the financial year 2018-19 amounted to Rs 15,10,650 crore, said MSME minister Nitin Gadkari in written reply to a question in Rajya Sabha on Monday.

According to data released by the Reserve Bank of India, loans sanctioned by Scheduled Commercial Banks to the MSME sector amounted to Rs 13,24,239 crore in the previous financial year.

Credit to MSME Sector is influenced by various factors which inter-alia also  include funding and liquidity challenges faced by the Non Banking Finance Companies, said the minister.

In order to facilitate availability of credit to Micro, Small and Medium Enterprises, Government has taken several measures, he said.

These include provisions of margin money subsidy under PMEGP, Credit Guarantee Support, Scheme for Interest Subvention, Credit Linked Capital Subsidy Scheme, loans to micro enterprises under Mudra Yojana and support under Start up India and Stand up India programmes, 59 minutes loan portal and MSME-Samadhaan portal, the MSME minister 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
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter