RBI Deputy Governor M Rajeshwar Rao on Monday emphasized on the need to mainstream green finance and think of ways to incorporate the environmental impact into commercial lending decisions.
"The GLP for NBFC-MFIs in FY22, is expected to return to the growth path and register around 10-15 per cent growth due to a pick-up in disbursements owing to the expected recovery in economic activity, kickstarting of expansion plans that were halted due to the pandemic and increased need for credit among low-income segments," the rating agency said.
Retail, wholesale traders left out of MSME Act: Chamber thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Jamshedpur: The over two-lakh traders of the Kolhan division welcomed the announcement of the Union government to include wholesale and retail traders in the Micro Small and Medium Enterprises (MSME) category.
Many traders associations have said the move of Prime Minister Narendra Modi s government would help the Covid-ravaged traders restore their business by availing necessary finances from banks and other financial institutions under the Priority Sector Lending (PSL) category, enjoyed by only MSMEs, so far.
Suresh Sonthalia, the national secretary of the Confederation of All India Traders (CAIT), said, The announcement has come at an appropriate time. It would help eight crore wholesale and retail traders, including over two lakh traders of Kolhan who are hit by the Covid pandemic, revive their businesses by availing necessary finances from banks.
Traders relentless campaign forced Union govt to reintroduce MSME categorisation: Gehlot
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Last Updated: Jul 04, 2021, 10:06 AM IST
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Gehlot said that around 2.5 crore retail and wholesale traders were deprived of Priority Sector Lending due to this harsh step of NDA Government.
Gehlot said that the NDA government in 2017 had removed the categorization from MSME segment which affected 2.5 crore retail and wholesale traders.
JAIPUR: Rajasthan chief minister Ashok Gehlot on Saturday said the pressure of trade representatives forced the central government to reintroduce the categorization of retail and wholesale trade in the MSME segment. I congratulate the trade representatives for forcing the central government to reintroduce the categorization of Retail and Wholesale trade as MSME through their relentless campaign, Gehlot said.