More finance available for SMEs says Premier

Prime Minister Manmohan Singh yesterday appealed to banks to provide adequate long-term credit to small- and medium-sized enterprises (SMEs), increase credit to agriculture and take steps to expand beyond Indian shores.

SIDBI plans rating agency for SME sector

Small Industries Development Bank of India (SIDBI) is planning to set up a credit rating agency for the small- and medium-sized enterprises (SME) sector, along with Dun and Bradstreet, Credit Information Bureau of India Ltd and other commercial

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and medium enterprises sector, has recommended that the Reserve Bank of India s (RBI) circular instructions should be withdrawn with respect to credit lending by commercial banks.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

Sidbi ties up with global bodies for revamping SMEs

The Small Industries Development Bank of India (Sidbi) has finalised an agreement with two European development agencies - DFID of UK and GTZ of Germany  for a Rs183.8 crore funding support for small- and medium-sized enterprises (SMEs).

Government lowers SSI export obligation

In order to enhance the competitiveness of the Small Scale Industries (SSI) engaged in exports, the Central government has lowered the export obligation of SSI units under the Export Promotion Capital Goods (EPCG) scheme if they import capital g