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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On behalf of several small business associations and industry players, the Finance Ministry has asked the RBIs to increase the mandatory lending limit to micro, small and medium enterprises in India from 12 percent to 15 percent. Earlier the RBI had asked public sector banks to increase credit flow to the small business sector. ...

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