The Hindu Business Line : SME sector `will benefit from credit policy'

THE RBI Governor's assertion that the apex bank would explore modalities to meet the growing financial needs of the SMEs, the Confederation of Indian Industry (CII), Southern Region, perceives that it would give the much needed fillip for this sector.

Hailing the RBI's Credit Policy, the CII Chairperson Ms Nandini Rangaswamy, said the Chamber was looking forward to the other recommendations of the Working Group on Flow of Credit for the SSI sector.

"The lack of information on the creditworthiness of the SME applicant has been an inhibiting factor for easy flow of credit. The RBI Governor's assertion on exploring the modalities to meet the increased needs of the SME sector should give a fillip,'' she said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Indo-Japanese Parliamentary Forum launched

Inflation rises on costlier manufactured products

Govt frames new system for Customs, excise reporting

`Japanese firms ready to expand in India'

Import surge leaves trade deficit at all-time high

Blood bank info centre

Reliance Energy for restricted power consumption

AP: Plastic industry to get monthly VAT refunds

Shutters down for VAT

Maharashtra to review octroi soon

SME sector `will benefit from credit policy'

Different joint venture

Osmania varsity pact with NGRI

Indians top `intending car buyers' list across Asia

AP sending team to Germany for talks with Volkswagen

AP CM to address FICCI meet

Meet on green lighting a Hyderabad

Spices exports rise 18 pc in 2004-05