New Delhi, Mar 11 (KNN) The news of liquor baron Vijay Mallya leaving the country with as much as Rs 9,000 crore has been doing rounds in the media. But, the questions have been rising from all corners including the country's apex court that how did the public sector banks (PSBs) advanced so much loans to the founder-owner of Kingfisher Airlines, and his companies without securing enough assets in guarantee.

Mallya had flown the country on 2nd March; the day the State Bank of India filed a petition in the Bengaluru debt recovery tribunal seeking to impound his passport.

This news has pinched the small sector immensely who have been raising the issue of banks being softer towards larger players and tough towards the small players.

On this, the Micro, Small and Medium Enterprises (MSMEs) have said that it is a clear evident that Bankers “do not consider and follow the same procedure” before granting the loans to big fishes as with the small ones.

Talking to KNN, the President of Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) Anil Reddy said that Bankers don’t have the soft corner for MSMEs whereas they grant the loan to big fishes without much consideration and by not following tough procedures.

“It is the pure negligence of the Bankers,” he said.

On the other hand the General Secretary of Tamil Nadu Small and Tiny Industries Association (TANSTIA) C Babu told KNN that big shots are taking the whole money whereas the banks easily declare the MSMEs Non Performing Assets (NPAs) within the 90 Days.

Lambasting the banks for being tough with MSMEs, the President of FTAPCCAI said that the bankers do not show any confidence on MSMEs while giving loans. “Just because of the sort sight of bank managers, they only look on the asset side and not the idea,” he added.

He alleged that the tenders which come for the MSMEs are also filed by the big fishes despite the commodity being 100 percent reserved for the SMEs.

The Multinational Companies (MNCs) have to give the payment within 45 days but they delay the payment, he said adding that they don’t show their figure which is being given to the MSMEs in the balance sheet and Government does not take any action against them.

It is the complete conspiracy of the big fishes to not let the small industries grow, said the President.

General Secretary of TANSTIA said that important material prices are hiked by the Government without consultations or informing the MSMEs and matching the hiked price is a tough job for the MSMEs.

Showing disappointment, he said that the policies for the SMEs are only on papers but not in the ground. (KNN Bureau)