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The body suggested that besides advising the Reserve Bank of India (RBI) to ensure smooth and easy access of finance to the trading community, the Finance Minister should spell out a policy in the budget to lay special emphasis on Non Banking Finance Companies & Micro Finance Institutions for lending to small businesses and the Banks and financial institutions should strengthen NBFCs and MFIs by providing requisite finance at a lower rate of interest so that both these lending institutions should provide finance to small businesses at a lower interest rate.
CAIT said that apart from advising the Reserve Bank of India (RBI) to ensure smooth and easy access to finance to the trading community, the Finance Minister should spell out a policy in the budget to lay special emphasis on Non-Banking Finance Companies (NBFCs) and Micro Finance Institutions (MFIs) for lending to small businesses. aaa
The body suggested that besides advising the Reserve Bank of India (RBI) to ensure smooth and easy access of finance to the trading community, the Finance Minister should spell out a policy in the budget to lay special emphasis on Non Banking Finance Companies & Micro Finance Institutions for lending to small businesses and the Banks and financial institutions should strengthen NBFCs and MFIs by providing requisite finance at a lower rate of interest so that both these lending institutions should provide finance to small businesses at a lower interest rate.