Impact of NPA Guidelines on MSMEs
Updated: Jul 30, 2015 04:55:18pm
New Delhi, July 30 (KNN) The Reserve Bank of India (RBI)has issued detailed guidelines to all scheduled commercial banks on lending to micro, small and medium enterprises (MSME) sector which, inter alia, provide for a time frame for disposal of loan applications, loan limit for dispensing the collateral requirement and sub-targets for micro enterprises within the MSE lending.
In terms of the recommendations of the Prime Minister’s Task Force on MSMEs (2010), the RBI has advised the banks to achieve a 20 per cent year-on-year growth in credit to micro and small enterprises, to allocate 60 per cent of the MSE advances to the micro enterprises and to maintain 10 per cent annual growth in number of micro enterprise accounts.
This information was given by the Union Minister for Micro, Small and Medium Enterprises, Kalraj Mishra in a written reply to a question in Rajya Sabha here today. (KNN Bureau)
In terms of the recommendations of the Prime Minister’s Task Force on MSMEs (2010), the RBI has advised the banks to achieve a 20 per cent year-on-year growth in credit to micro and small enterprises, to allocate 60 per cent of the MSE advances to the micro enterprises and to maintain 10 per cent annual growth in number of micro enterprise accounts.
This information was given by the Union Minister for Micro, Small and Medium Enterprises, Kalraj Mishra in a written reply to a question in Rajya Sabha here today. (KNN Bureau)
Loading...
