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11Th
Aug 2016
Finance
Minister Arun Jaitley here on Thursday launched an online finance
facilitation portal for the micro, small and medium enterprises
(MSMEs) to facilitate ease of doing business.
“The
government is committed to ease of doing business. All financial
support will be provided to MSMEs to improve their competency in
various fields,” Jaitley said at the 14th meeting of the national
board of MSME.
The
online finance facilitation centre will allow the MSMEs to apply for
loans from the various banks on the NSIC (National Small Industries
Corporation) portal.The Total Investment & Insurance Solutions
NSIC
has signed MoUs (memorandum of understanding) with 33 banks, 14 of
whom have agreed to associate with the online finance facilitation
portal, a statement from the MSME ministry said.
Jaitley
also launched a MSME datbabank portal that will provide real time
information on various types of the registered MSMEs.The Total
Investment & Insurance Solutions
The
databank will eventually will be used for public procurement purposes
and the PSUs (public sector undertakings) may make use of the data
for procurement purposes from MSMEs.The Total Investment &
Insurance Solutions
The
Finance Minister said that GST (goods and services tax) will also be
a step towards this (ease of doing business) direction.The
Total Investment & Insurance Solutions
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