NSIC to assist 17K units in obtaining credit ratings in 2yrs

The government would assist about 17,000 MSMEs in obtaining independent third party opinion on their credit worthiness in the next two years, a move that would help them in getting loan at affordable interest rates.

Ministerial group favours 6% priority lending for MSME units

To increase credit flow to the slowdown affected micro-enterprises an inter-ministerial group has favoured reserving 6 per cent of the total priority sector lending of banks to such firms, a top MSME official said on Wednesday.