Home / Knowledge / News / 'We welcome recommendations of credit delivery to MSE sector' – FIEO
'We welcome recommendations of credit delivery to MSE sector' – FIEO
May '09
Mr A Sakthivel, President, Federation of Indian Export Organisations (FIEO) while commenting on recommendations of Committee on Credit Delivery to the Micro and Small Enterprises Sector stated that the recommendations if implemented would enable a uniform and transparent loan policy governing extension of credit facilities; restructuring policy for potentially viable sick units and a One Time Settlement (OTS) for recovery of non-performing loans.

The FIEO Chief stated the recommendations inter-alia suggested an independent rehabilitation fund with a corpus of 1000 crores at a concessional rate of 5-6% and an industry specific interest subsidy scheme for SME's on the pattern of TUF's for technology upgradation, the implementation of which would enable SME's to acquire / invest in the same.

Mr A Sakthivel, however, regretted that inspite of the reduction in the repo / reverse repo rates by RBI, banks have “parked” a record Rs.1,45,000 crores with RBI at 3.25% under the reverse repo window on 5th May, 2009 and continue to be diffident about lending to the MSME export sector.

Federation of Indian Export Organisations

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Courtesy: TAL Group

Apparel/Garments | On 24th Oct 2016

TAL’s new garment factory goes operational in Vietnam

A new garment factory of the Hong Kong based TAL Group has become...

Information Technology | On 24th Oct 2016

X-Rite Pantone unveils appearance exchange file format

X-Rite Pantone, X-Rite Incorporated subsidiary that offers colour...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search