Unsustainable collateral conditions and time-consuming bank procedures act as major hurdles, which stop many MSMEs from even seeking loans
The RBI recently asked lenders to form district-level committees to resolve stressed loans to MSMEs
Sundergarh district has emerged as numero uno with maximum number of 3,229 MSMEs going into production
Many MSME units located at Ambattur and Guindy in the city were badly hit due to flooding
About 3.3 million assessees in the MSME category will benefit from these changes, said the Mishra.
Centre denies selling NTC land in Mumbai; units to be allied sector of textile industry