close

Finance Ministry tells state-run banks to shore up credit to MSMEs

Earlier this year, the RBI allowed a one-time restructuring scheme for MSMEs with a maximum exposure of Rs 25 crore

New Delhi
FinMin told banks to appoint GM-level officer to MSMEs
Premium

The finance ministry has told the chief executives of all public sector banks (PSBs) to review credit facilities made available to micro, small and medium enterprises (MSMEs) and take ‘corrective’ measures to ensure the firms get adequate funds.
Or

Also Read

Low bargaining power of the entities hitting MSMEs badly: Expert panel

Aggregate MSME lending grew at 19.3% in the past five years: CIBIL report

RBI allows one-time restructuring of MSME loans of up to Rs 25 crore

RBI MSME loan restructuring plan to help borrowers, state-owned banks

RBI panel report suggests big role for NBFCs in developing MSME sector

Stagnant property prices fail to take sheen off Mumbai land deals

Govt giving final touches to logistics policy; draft to reach Cabinet soon

Restricting cross-border data flow will hurt economy: Internet companies

More steps in the offing for timely fraud detection in banks: RBI

Spectrum auctions in India likely in second half of 2020: Moody's

First Published: Jun 28 2019 | 12:41 AM IST

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com