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21/08/2018 12:34pm

West Bengal govt will look for ways to facilitate MSME credit through SCBs

image West Bengal govt will look for ways to facilitate MSME credit through SCBs

New Delhi, Aug 21 (KNN) To resolve the financial problems faced by the Micro Small and Medium Enterprises (MSMEs), Chief Minister Mamta Banerjee said that her government would explore ways to extend financial assistance to MSMEs through state cooperative banks (SCBs).

Addressing the gathering at state MSME Conclave, Banerjee said, Bank loan is a problem factor which the MSMEs are facing as commercial banks are reluctant to give loans to them.

She said, “We are strengthening the SCBs and will also see whether loans to the small-scale sector could be given through them.”

She also highlighted that the MSME segment is facing depressed market conditions, owing to demonetization and the GST.

On MSME exports, Banerjee said her government would provide assistance in marketing efforts and urged district officials to come forward in extending help to the sector.

 “All my district officials must come forward to help the sector. It has enough scope to generate employment. We must also see some women entrepreneurs in this sector,” she said.

Besides, she added that her government, together with sector specific Export Promotion Councils, is also working to set up sector specific Export Facilitation Centers to provide in-house and outreach business development services.


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