RBI told to withdraw circular on credit flow to SME sector
The internal group, reviewing the guidelines on credit flow to the small and medium enterprises sector, has recommended that the Reserve Bank of India s (RBI) circular instructions should be withdrawn with respect to credit lending by commercial banks. In its report, which was submitted to RBI, it said that while formulating the policies, banks should consider providing collateral free loans up to Rs 25 lakh based on the availability of guarantee facility under the Credit Guarantee Trust for
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