Wednesday, April 29, 2009

Banks give Rs 9,000 cr in loans to MSMEs

Banks give Rs 9,000 cr in loans to MSMEs: "Banks have lent Rs 8,500-9,000 crore to the micro, small and medium enterprises (MSMEs) in the last few months as a part of the stimulus packages announced by the Union government.
Of Rs 7,000-crore refinance facility extended to the Small Industries Development Bank of India (Sidbi), Rs 4,300 crore have already been released to the commercial banks, Dinesh Rai, secretary in the Ministry of Micro, Small and Medium Enterprises, said at an Assocham function here today. Sidbi is a state-run diversified refinancing agency, which lends mainly to the small scale sector."

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