Good news for MSME sector

The government is drawing up schemes to provide credit on easy terms to MSME exporters, and offer assistance to deal with non-tariff measures imposed by other countries which have emerged as a barrier to India’s merchandise exports, a senior Commerce Ministry official said on Tuesday.

Good news for MSME sector

To ensure easy and adequate credit availability to the MSME sector, the State Bank of India (SBI) is planning to enhance the threshold under the instant loan scheme from the existing Rs 5 crore.