Virbhadra Singh, MSME Minister, Demands More Funds For SMEs In Next Budget
By
Biz2Credit Advisor
Virbhadra Singh, Minister of Micro, Small and Medium Enterprises (MSME) urged finance minister Pranab Mukherjee to allocate more funds to MSME sector in coming budget. Singh believes that it is going to solve credit issue.
In a letter to finance ministry, Singh demanded better deal for SME sector and also asked for increased funds to address the concerns of the sector. ...
TAGS Tags: Finance Ministry, Minister of Micro, MSME minister, MSME sector, Pranab Mukherjee, small and medium enterprises, SME sector, Virbhadra Singh
CATEGORIES Building Credit
The Finance Ministry has been requested by apex body of exporters to cap interest rates on loans for small and medium sized businesses. Exporters are demanding the interest rate to be capped at 7 percent and including export credit under priority sector lending in forthcoming budget.
The successive policy rate hikes made interest rates uncompetitive internationally and it has hit capital ...
TAGS Tags: Apex Body of Exporters, Cap Interest Rates, Federation of Indian Exporters Organization, FIEO, Finance Ministry, Finance Ministry Officials, Interest Rate Capped at 7 percent, interest subvention, MSME interest rate, President FIEO, Rafeeque Ahmed, Small Business Export Sectors, Successive Policy Rate Hikes
CATEGORIES Interest Rates
Finance ministry asked to expedite setting up of a SME platform for small and medium enterprises. The platform is meant to raise funds from public. Stock exchanges have been requested to provide inputs on issues meant to expedite creation of SME platform to facilitate mobilization of resources.
The finance ministry has requested to provide inputs on issues especially concerning the creation ...
TAGS Tags: Finance Ministry, Prime Minister Manmohan Singh, SEBI, Securities and Exchange Board of India, SME Platform, stock exchange
CATEGORIES Small Business News
Finance Ministry is planning to carry forward the banking services to rural areas. The proposed move is a fillip to SMEs functioning in rural India. It is also going to act as a boon for the people of rural India. In the central budget that was tabled in February, the Finance Minister committed himself to take ...
TAGS Tags: banking services, Finance Minister, Finance Ministry, General Credit Cards, Kisan Credit Cards
CATEGORIES Business Credit Cards, Industry Expert, Marketing Tips
The Federation of Indian Export Organizations (FIEO) is looking for fiscal and non-fiscal support from the Finance Ministry, especially for export markets, which have suffered the most during the global economic crisis. The association wants to increase the sector’s competitiveness at a global level while helping SMEs recover from losses and regain confidence. The talking points of the President of FIEO ...
TAGS Tags: export markets, Federation of Indian Export Organizations (FIEO), Finance Ministry, SMEs
CATEGORIES Small Business News, Small Business Taxes






