To enable small and medium enterprises (SMEs) to access finance and credit with greater ease, the Confederation of Indian Industry (CII) has started an 'Online Finance Facilitation Centre for SMEs'. The objective of this centre is to provide advisory and credit facilitation support to SMEs. This centre will operate as a one-stop shop, aggregating financing options from various major financial institutions.
Rajender Singh, director - industries, government of Himachal Pradesh, formerly launched the facilitation center for SMEs in Himachal Pradesh on Saturday at Baddi.
This Centre is designed to match SME financing demands with banks and financial institutions. SME members across India can approach this centre through an online interface for their credit requirement and the centre will facilitate the SMEs with documentation and preparation of bankable project proposals.
"Access to finance and credit for SMEs is big problem and this facilitation center will help the SME fraternity immensely," said Arun Rawat, chairman, CII Himachal Pradesh State Council.
