FOSMI to take up the credit facility issues faced by MSMEs with the banks

Kolkata, Jul 16 (KNN) West Bengal based Federation of Small and Medium Industries (FOSMI) wants to take up the issues faced by its members with regards to securing and managing credit facilities with the banks.
 
In this context, the industry body has asked its members to send the data base about - loan; term loan; cash credit; amount of loan, rate of interest and other loan, for securing the best possible deal with the respective banks.
 
 “Securing and managing credit facilities with the banks have always been a problem for MSMEs,” FOSMI said in a letter to its members adding that “We intend to take up the matter with various banks in which our members have credit facilities and negotiate for better terms for our members.” (KNN Bureau)