Utkal Chamber of Commerce & Industry Ltd expresses problem over loans to MSMEs
Home ECONOMY Utkal Chamber of Commerce & Industry Ltd expresses problem over loans to MSMEs
ECONOMY - April 17, 2022

Utkal Chamber of Commerce & Industry Ltd expresses problem over loans to MSMEs

BHUBANESWAR: Industry our bodies have expressed subject over the demanding situationsconfrontedthrough the MSME zonebecause of non-availability of loans from banks.With the fee of maximum of the metals, petrochemicals and minerals going up abnormally main to unparalleledcoins crunch, the marketers feared many gadgetswould possiblycross for closure if the authorities does now no longeralternate the guidelines. The banks are turning down the mortgage requests of MSMEs mentioning the credit scoredanger that shows the Gross Non-Performing Assets ratio of Scheduled Commercial Banks might also additionallyboom from 6.ninelaptop in September 2021 to 8.1 laptopthrough September this yrbeneathneath the baseline state of affairs and to nine.fivelaptopbeneathneath a extremepressurestate of affairs. Flagging the problemsconfrontedthrough the MSMEs withinside the State, Utkal Chamber of Commerce & Industry Ltd (UCCIL) has advised the Union authorities to intervene.

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