The RBI says that this will alleviate the cash crunch woes of most MSMEs and boost manufacturing activities across the country.
The eight-member committee will examine the factors affecting the timely and adequate availability of finance to the sector.
The scheme enables GST-registered micro, small and medium enterprises (MSMEs) to take loans up to ₹1 cr.
Currently, 10 such centres are operational in different states of the country.
The registry will give banks the entire profile, including past loan details, and also regular income flows of borrowers.
NTPC Chairman Gurdeep Singh advocated easing the registration process at the National Vendor Meet of Micro and Small Enterprises organised by NTPC at its Power Management Institute.
According to a survey by a global travel agency Expedia, up to 75% of Indians feel that they are vacation-deprived.
Internet has taken over the world since its evolution. From e-commerce, social engagements and to queries more than half of the world’s population digs the web. With almost 500 million internet users, India is the second largest online market in the world. In fact, it is anticipated that by 2021, there will be about 635.8 million internet users in India taking over the digital world. ...