SME Times is powered by   
Search News
Just in:   • DPIIT to examine pension funds investment in startups  • US stocks close higher on upbeat jobs report  • DPIIT to set up panels to sort out startups  • Axis Bank's CFO Jairam Sridharan steps down  • 'UK-US trade talks document leak linked to Russia' 
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
» DPIIT to set up panels to sort out startups
» Sitharaman invites suggestions on GST
» Naidu calls for making 'Fit India' a mass movement
» Auto component sector's turnover falls over 10 pc
» Several schemes to push women entrepreneurship: Minister
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
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 09 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(2)
» Starting an import export business: Basic guide for beginners(1)
» India software market grew 12.4% in H1 2019: IDC(1)
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"(1)
» Forex reserves rise by $2.48 bn to over $451 bn(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter