Banks might be made answerable in future for refusing loans to eligible MSME players, Union Minister Pratap Chandra Sarangi said on Thursday.
Lucknow: While UP recorded the highest growth in credit input in the country at 21% between December 2016 and December 2017, its total credit flow of Rs 57,000 crore was half of Maharashtra, said an Assocham report released at the MSME Conclave in the city on Thursday.
As export credit continues to contract, commerce and industry minister Piyush Goyal on Thursday held a meeting with senior public-sector bankers to push for easier and greater flow of loans at cheaper rates.
The rupee rose by as much as 18 paise against the US dollar on Friday. The rupee opened higher at 71.76 against the greenback, and climbed to as high as 71.62 at one point by late morning deals.
GUWAHATI: North East Industrial Development Scheme (NEIDS) is a flop and has failed to bring investors to the the region, a local industry body has written in a letter to Union finance minister Nirmala Sitharaman.
Union Minister for Micro, Small, and Medium Enterprises Nitin Gadkari, on Tuesday, launched a three-year project ‘Tech-Saksham’ in partnership with industry body Confederation of Indian Industry (CII) to enable technology adoption among MSMEs in India, said media reports.