.........Speaking at the 124th State Level Bankers Committee (Haryana) meeting, MSME-DI Director Vijay Kumar said, "Banks in Haryana are violating the RBI guidelines by not providing collateral free loans to MSME in the state...it is very discouraging." As per RBI guidelines, loans up to Rs 10 lakh to MSME units must be disbursed collateral free. It was pointed out in the meeting that 66 per cent of new MSME units were disbursed loans up to Rs 10 lakh while rest of them were denied loan.............
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