Confederation of Indian Industry holds investors’ meet for MSMEs

Visakhapatnam: Confederation of Indian Industry, Andhra Pradesh, organised investors meet for MSMEs here on Tuesday. The objective of the meet for MSMEs was to create a platform  and to highlight the best lending options for start- ups and MSMEs through various financial products and services among the potential borrowers and the lenders.

Inaugurating the meet, Raghuram Shetty, General Manager, State Bank of India, briefed about the SBI schemes which include CGTMSE schemes for MSMEs. He also briefed that SBI provides timely and adequate credit to MSMEs and added that Rs 12,600 crore has been disbursed out of  Rs 80,000 crore for MSMEs.