RBI/2008-09/334
RPCD.LBS.CO.BC.No.
79 /02.01.01/2008-09 December 30, 2008 The
Chairman/Executive Director,
All SLBC Convenor Banks
(As per mailing list) Dear
Sir/ Madam, Inclusion of Issues pertaining to MSME
Sector in SLBC Meetings
As you are aware, the State Level Bankers'
Committee (SLBC) is a critical focal point for coordination among banks and agencies
of the State and Central Government to ensure adequate and timely flow of credit
to needy sectors. In this connection, it may be recalled that as proposed
in para
157 of the Annual Policy Statement of 2007-08 (announced in April 2007), definition
of Small Scale Industry and Small Business Enterprises was changed for the purpose
of inclusion in priority sector in alignment with the definition adopted in the
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 and in order
to improve credit delivery to MSMEs. Accordingly necessary instructions
have been issued to the banks to review their institutional arrangements for delivering
credit to SME Sector especially in identified clusters with a view to providing
adequate and timely credit. In view of this, you are requested to:
- ensure that adequate attention is paid to the financial
needs of MSME Sector in your State(s)/UT(s), and
- include
the issue and discuss the problems faced by this sector in all SLBC meetings,
in future.
Please acknowledge receipt. Yours
faithfully, (Molina Chowdhury)
Deputy
General Manager |
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