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National News

Sep 29, 2019
8:06AM

Centre to introduce rating system for SMEs to help them get loans easily

File Pic: PTI
Union Minister Nitin Gadkari has said, the Centre is considering a proposal to introduce a rating system for small and medium enterprises to help them get credit easily. 

Addressing women entrepreneurs in Chennai, the Minister said, the prevailing sense of gloomy industrial scenario is due to the business cycle, demand and supply issues and a global downtrend.

Mr Gadkari said the Centre is making all efforts to reduce finance costs and power price to the industry. He also informed the small entrepreneurs that the Central Government is in the process of introducing a national portal for the Micro, Small and Medium Enterprises (MSMEs) to market their products easily.


Mr Gadkari further said, the Central Government has fixed a target of generating five crore more jobs in the MSME sector in the next five year. 

 

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