RBI conducts meeting on MSME

DIRANG, Feb 8: Sixty-five small entrepreneurs including women weavers participated in a meeting on ‘Micro, Small and Medium Enterprises (MSME)-related issues’ conducted by the Reserve Bank of India (RBI), Guwahati, at the town hall here in West Kameng district on Thursday.
Addressing the participants, Deputy Commissioner Sonal Swaroop said that such meetings would help small entrepreneurs expand their activities by availing timely credit. Informing that bank loans up to Rs 10 lakh do not require any extensive documents or collateral, the DC advised the entrepreneurs to maintain credit discipline and repay loans on time.
During the meeting, the findings of a survey that had been conducted among entrepreneurs in Bomdila and Dirang prior to the meeting were reviewed, and a framework for revival and rehabilitation of MSME was made for the benefit of the bankers and the entrepreneurs.
In an interactive session, resource persons responded to queries from the participants regarding banking services and infrastructure. The bank authorities also assured to do their best to increase their flow of credit to this sector.
As part of the credit linkage, sanction letters to the tune of approximately Rs 1.3 crore were handed over to the MSME borrowers by the officials present.
The meeting was chaired by RBI Deputy General Manager Umesh Panaria. Besides others, the Dirang ADC, members of the SIDBI, and the NABARD, and heads of various bank branches in West Kameng district attended it.