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Our Correspondent

Madurai , April 21

The small-scale sector is disappointed with the annual policy statement of the Reserve Bank of India for 2006-07.

The Madurai District Tiny And Small-Scale Industries Association, in a statement here, said that by reining in the flow of funds to real estate, personal loans and capital market segment, the policy has envisaged a better credit flow to agriculture and manufacturing sectors and hoped that, inflation would not cross 5.5 per cent in future.

`No change approach'

However, the `no change approach' in its policy in interest, repo rate and most surprisingly CRR (cash reserve ratio) has

disappointed the small-scale sector as a drop in them was expected, it said.

The policy must also have looked into the exorbitant non-transparent charges being slapped on the customers and also rehabilitation of non-performing assets, especially in the small-scale sector.

More Stories on : SSI | Credit Policy | Tamil Nadu

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