Increasing Credit Flow to MSE Sector.

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..... Increasing Credit Flow to MSE Sector. - News and Press Release Dated:- 26-8-2011 - News - Press Information Bureau Government of India Ministry of Finance 26-August-2011 17:18 IST Increasing Credit Flow to MSE Sector Loans are sanctioned by the Scheduled Commercial Banks (SCBs) as per financial viability, feasibility of the project and keeping in view their Bank approved poli .....

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..... cies. However, the Government has decided that the share of Microenterprises in Micro and Small Enterprise (MSE) lending needs to be increased to 60% in a phased manner viz. 50% in the year 2010-11, 55% in the year 2011-12 and 60% in the year 2012-13. It would be mandatory for the Public Sector Banks to achieve this target. Further, banks have been advised by Reserve Bank of India (RBI) to extend .....

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..... liberal moratorium on their term loans and working capital to MSE entrepreneurs by including interest during first 6-12 months of operation as part of the long term funding of the projects. To increase credit flow to the MSE Sector various measures have been taken such as issuing prudential guidelines on restructuring of advances, to introduce Base Rate System, Formulation of Bankin .....

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..... g Code for MSE Customers, Focus on Clusters, One Time Settlement scheme for recovery of non-performing loans for the MSE sector etc. have been taken by RBI so that flow of credit to the MSE Sector could be increased. Credit flow to the MSE sector during the last three years is as below: (Amount Rs. In crore) Y .....

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..... ear Public Sector Banks Amt. O/s March 2009 191408.32 March 2010# 276318.97 March 2011 (Provisional) 376625.18 # Retail trade included in service sector This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question rai .....

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..... sed in Lok Sabha. DSM/SS/SL - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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