Friday, December 20, 2013

SMEs playing key role in development of social, finance sectors: RBI General Manager

........."The small and medium industries are playing a vital role in the development of financial and social sectors. "Reserve Bank, along with both the state (Andhra Pradesh) and Central governments, is implementing special programmes for encouragement of SMEs," said RBI General Manager (rural planning and credit) R S Das. He was addressing a conference organised by RBI, Hyderabad, here yesterday. Bankers, industrialists and district officials participated in the event. "The loan sanction has been increased to small and medium industries, but the sector is encountering certain issues which are being addressed by the Prime Minister's Advisory Committee and discussions are going on," Das said.............

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