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Steps Being Taken for Increasing Financing to Micro Small And Medium Enterprises (Msmes)

Dated:- 2-3-2015 - Debt Financing: 1) Loans to Medium Enterprises are being brought under Priority Sector Lending. 2) A separate sub-limit of 7.5% in Priority Sector Lending is being created for the Micro Enterprises. 3) RBI has received 72 application for setting up Small Banks. As per license conditions, the small finance banks are required to extend 75% of Adjusted Net Bank Credit to Priority Sector and 50% of loan portfolio to be upto ₹ 25 lakhs. Therefore, once set up, the Small Finan .....

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