Sunday, June 21, 2020
When the government granted an emergency line of credit only 32000crore are sanctioned indicates possibilities.
1) Banks are asking many documents, these delays.
2) entrepreneurs are not in a hurry to avails
This first possibility has a higher chance as brach level officials are reluctant and make the entrepreneur run down the pillar to post.
Personally, I would like that entrepreneur shall not use this facility as they have already made losses because of salary and other expenses during the lockdown and after unlocking, labor, supply chain and the customer may not align in first 6 months and his plans may wear of 20 to 60% during this time hence unit will make cash losses or made marginal cash generation. It may not possible to service the interest of this additional amount hence unit slipping in NPA in first 6 to 12 months chances are very high so entrepreneur may be cash loses
Wednesday, June 17, 2020
Both the Central Government and RBI make policy from MSME where the intent is clear to benefit MSME.
But RBI leaves to bank Branch to make policy with the guidelines given and this ultimately reaches branch manager
Today generally branch managers are either ignorant or pretend to be ignorant and twist the interpretation which is harmful to banks' intent as they are afraid of court, CBI, and corruption.
This is increasing a layer for the delay and this is killing MSME. Many entrepreneurs who are regular in their payment but still facing the problem of getting a loan and their ideas are dying.
Now industry secretary MSME Mr. A.K Sharma has stated "champions" for faster grievances resolutions. This for small gains Indian Economy suffers. this needs correlation in the right spirit.
Tuesday, February 18, 2020
Thursday, February 13, 2020
Saturday, February 8, 2020
"NPA & Stress-related issues of MSME" by EDII & Yes Bank CSR Project & SMEA Analytics Pvt Ltd holding a seminar on 15th Feb. DC Office will be Chief Guest and Sridhar Ramchandran of IndiaNivesh also will present, one of the topics will be how NBFC can help OTS cases, Legal, RBI, take over finance, & similar issues will be addressed. Mr.Gangishetty Srinivas, lawyer of High Court will handle the legal aspects. Date: 15th Feb. #entrepreneurship #entrepreneurs #smeanalytics #industry #msme #finance #economy #5trillion #RBI #Legal #Seminar
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Both the Central Government and RBI make policy from MSME where the intent is clear to benefit MSME. But RBI leaves to ...