The Prime Minister`s Office is taking a final view on the report of a task force, which suggested easy access to bank finance and preference in public sect or procurement to the micro, small and medium firms.
Credit flow to micro, small and
medium enterprises (MSMEs) has more than doubled in two years
to Rs 2.57 lakh crore in the financial year ending March 2009,
Reserve Bank of India deputy governor K C Chakrabarty said.
India will promote the case of medium and small businesses at the G-20 to ensure adequate credit flow to the sector, said Planning Commission Deputy chairman Montek Singh Ahluwalia who is the Indian sherpa for the meet.
The government is setting up a high-level Task Force to address the problems of Micro, Small and Medium Enterprises (MSMEs) which have been demanding adequate financing and other incentives to tide over the economic slowdown.
The MSME ministry is working on a `Procurement Policy` for the sector, which would set targets for the government departments to source their requirement from the tiny and small units, a top official on Tuesday said.