Activities Round Up

Date : 23 Nov to 23 Nov 2015
Place : New Delhi
Organised by : FISME

FISME participated in the RBI meeting on MSME credit


FISME participated in the 33rd Meeting of the RBI empowered committee on MSME credit for NCT region. At the meeting issues related to credit flow to MSMEs were discussed. FISME representative at the meeting requested attention of the Committee to the poor growth rate in credit to MSMEs, asking of additional collateral by the Banks, non- implementation of Framework for Revival and Rehabilitation of MSMEs by the Banks etc. Chairing the meeting Sh. K.K. Saraf, Regional Director of RBI, New Delhi advised the Banks to upscale credit to the MSME sector to reach the target of 20% Year on year growth as stipulated by the Prime Minister’s Task Force. On revival of the sick / non performing MSMEs, General Manger, SIDBI, New Delhi informed the Banks that initiating revival of sick MSMEs, the Banks would reduce their NPA burdens. The meeting was attended by senior executives of all scheduled banks of Delhi.