Wednesday, November 27, 2013

Late payment: RBI move not enough for SMEs

..........In its announcement, the RBI adds that it has been decided to include, incremental credit, including export credit, to be extended to medium enterprises by the scheduled commercial banks, as eligible priority sector lending. This is again a welcome move. The medium-scale enterprise sector has been suffering no less than their smaller counterparts when it comes to lack of credit availability and high interest rates. In addition,.............

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