Industry demands 6 per cent bank credit to MSME

Industry demands 6 per cent bank credit to MSME

BS Reporter / New Delhi/ Lucknow September 28, 2009, 0:34 IST

MSME chamber Indian Industries Association (IIA) has demanded 6 per cent of all net bank credit to micro enterprises in the country. IIA claimed the low level of financing to the sector was due to reluctance of banks to finance small loans and poor growth of the manufacturing sector.