Comments
To expedite disbursal of loans to micro, small and medium enterprises (MSMEs), the government is considering setting up Financial Facilitation Centres.
The Ministry of MSME is considering setting up of Financial Facilitation Centres (FFCs) through NSIC at identifiable places for the benefit of MSMEs in accessing credit,” Minister of State for Micro, Small and Medium Enterprises Giriraj Singh said in a written reply to the Lok Sabha.
"The Minister said the role of FFCs will be to disseminate information about MSME schemes of banks/financial institutions, create their awareness among MSMEs, operate as a nodal point and coordinate with the banks for speedy disposal of credit proposals.
The Ministry of MSME and SIDBI had set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) with a view to facilitating credit flow to the MSE sector without the need for collaterals or third-party guarantee.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.