Industry

Small and ignored

Print edition : April 17, 2015

At an SME Loan Expo organised by Corporation Bank in Coimbatore. The government has announced that loans to SMEs from public sector banks will be brought under priority sector lending. Photo: S. SIVA SARAVANAN

There are about 5.77 crore SMEs in the country which generate considerable job opportunities. Here, a bottling unit of Ruby Industries at K. Pudur Industrial Estate in Madurai. Photo: G. Moorthy

Union Finance Minister Arun Jaitley. Photo: Kamal Singh/PTI

Jayant Davar of the Confederation of Indian Industry says banks are still averse to taking on the risk of giving out loans to SMEs. Photo: S. Subramanium

The myopic proposal to create a dedicated bank for MFIs does not address the systemic problems in the banking sector that work against the interests of small enterprises.
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