Mr. Siddharth
Proprietor
Shakti Organics
New Delhi, India
Free Member
Joined :05/20/2009
No of Topics Posted : 1
Reply/Comments : 0
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TOPIC : MSME Credit Policy
QUITE OFT AND ON THE MSME HAS BEEN ADVERTISING THRU MEDIA ABOUT ITS FINANCIAL,CREDIT FACILITIES THRU FINANCIAL INSTITUTIONS ETC TO UPCOMING NEW TRADERS, MANUFACTURERS ALONG-WITH THE OLDER ESTABLISHMENTS.
THE BANKS, FIRST OF ALL DO NOT ENTERTAIN THE NEW ACCOUNT OPENERS, OR SAY NEW TRADER, /APPLICANTS. ALSO THE NEW APPLICANT ALWAYS MAY NOT HAVE ENOUGH TO SHOW IN BALANCE SHEET FORM THUS THE BANKS DO NOT ACCEPT THE APPLICATIONS AT THEIR END. HOW THE NEW APPLICATION CAN WORK ON THE GUIDELINES/??????
HOW COME ACROSS FOR THE NEW APPLICANTS WHO HAVE NOTHING ENOUGH TO SHOW IN ASSETS, CAPITAL OF HIS /HER OWN AND WHEREAS CAPABLE OF ESTABLISHING BUSINESS ON GROUNDS OF HIS EXPERIENCE AND KNOWLEDGE. IN SUCH CASES WHO IS TO MONITOR THE WHOLE PROCESS AND HOW A NEW APPLICANT CAN GET ADVANTAGE OF THE MSME POLICIES.
AN ESTABLISHED PERSON CAN PRESENT ANY VIABLE DOCUMENT, BACKBONE HISTORY ETC ETC.
PLEASE ADVISE US IN THIS RESPECT ABOUT THE FUNCTIONING OF THE MSME IN TANDEM WITH THE BANKS.
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