Regulatory Alerts2015-04-09
Added · Updated
SMESPD Circular No. 02: Extending Credit Financial Services in favour of Fresh Women Entrepreneurs in cottage, Micro & Small sector
The circular mandates that every branch of scheduled banks and non-bank financial institutions identify at least three new women entrepreneurs who have never previously received credit. These institutions must provide capacity building training and, in addition to normal lending, extend credit to at least one of these trained women annually in the cottage, micro, or small sectors. The initiative's success will be reflected in the SME scoring of the CAMELS Rating, with quarterly progress reports required.
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