India- MSME Associations asked to publicise new loan scheme for first time borrowers
(MENAFN - KNN India) MSME Associations asked to publicise new loan scheme for first time borrowers New Delhi, Feb 13 (KNN) The office of Development Commissioner-MSME, under the ministry of MSME has dashed off a letter to all Industry Associations to publicise about the Reserve Bank of India (RBI) notification dated February 5th, 2021 issued to all Scheduled Commercial Bank (SCBs) regarding credit to MSME entrepreneurs. As per this notification SCBs will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME Borrowers' from their Net Demand and Time Liabilities (NDT...
Source: menafn.com