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. ...

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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 ...

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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 ...

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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 ...

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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 ...

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