Bank credit to MSME sector in Assam to touch Rs 3,800 crore
Updated: Sep 26, 2013 02:17:25pm
Guwahati, Sept 26 (KNN) Credit disbursement to MSMEs in Assam alone will touch Rs 3,800 crore this fiscal, according to RBI General Manager.
Speaking on the sidelines of the North East MSME Conclave 2013 here recently, the Reserve Bank of India General Manager, D Sethy said that during the last fiscal, total credit allocation to the whole of north east stood at Rs 3,300 crore, of which Assam’s share was Rs 2,600 crore.
However, during this fiscal, credit allocation to Assam alone was likely to touch Rs 3,800 crore, according to reports.
The conclave was organised here by the Indian Chamber of Commerce in association with State Bank of India, Small Industries Development Bank of India (SIDBI), Canara Bank, Union Bank and Industrial Development Bank of India, the theme being ‘Competitiveness through Finance and Technology.’
The event provided a platform for bankers and entrepreneurs to meet and discuss issues, find solutions and plan new initiatives in the sector.
The conclave was aimed at facilitating active dialogue with the policy makers and helping to create conducive environment for the growth of the MSME segment in the region. It also addressed issues pertaining to the MSME sector like Technology and Environment, Infrastructure, Credit/ Finance, Marketing, Facilitation, etc.
The sector contributes 8 per cent of the country’s GDP, 45 per cent of the manufactured output and 40 per cent of its exports. It also provides employment to about 60 million persons through 26 million enterprises.
The MSME sector in Assam and the North East is mostly unorganized. The RBI has therefore called upon the state governments in the region to take action for registering such units which will make access to credit much easier for units.
The region faces various challenges with regard to demography, difficult terrain and scarcity of land for setting up industries. (KNN/ES)
Speaking on the sidelines of the North East MSME Conclave 2013 here recently, the Reserve Bank of India General Manager, D Sethy said that during the last fiscal, total credit allocation to the whole of north east stood at Rs 3,300 crore, of which Assam’s share was Rs 2,600 crore.
However, during this fiscal, credit allocation to Assam alone was likely to touch Rs 3,800 crore, according to reports.
The conclave was organised here by the Indian Chamber of Commerce in association with State Bank of India, Small Industries Development Bank of India (SIDBI), Canara Bank, Union Bank and Industrial Development Bank of India, the theme being ‘Competitiveness through Finance and Technology.’
The event provided a platform for bankers and entrepreneurs to meet and discuss issues, find solutions and plan new initiatives in the sector.
The conclave was aimed at facilitating active dialogue with the policy makers and helping to create conducive environment for the growth of the MSME segment in the region. It also addressed issues pertaining to the MSME sector like Technology and Environment, Infrastructure, Credit/ Finance, Marketing, Facilitation, etc.
The sector contributes 8 per cent of the country’s GDP, 45 per cent of the manufactured output and 40 per cent of its exports. It also provides employment to about 60 million persons through 26 million enterprises.
The MSME sector in Assam and the North East is mostly unorganized. The RBI has therefore called upon the state governments in the region to take action for registering such units which will make access to credit much easier for units.
The region faces various challenges with regard to demography, difficult terrain and scarcity of land for setting up industries. (KNN/ES)
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