Saturday, March 25, 2017

Rationales – Asset Products SME

1. A new product SBI SMILE has been introduced.

ans: To provide interest free equity assistance to professional and technically qualified entrepreneurs (Doctors including dentists, engineers (diploma and degree holders), management graduates etc ) for setting up new Micro and Small enterprises (MSEs)


2. SME Collateral Free scheme has been recently modified.

  •  To ensure hassle free credit flow to good borrowers of Micro & Small Enterprises
  •  To achieve the benchmark 20% YoY growth in MSEs set by the Reserve Bank of India and 60% sub target for Micro Enterprises in Micro & Small (MSE) advances

3. Doctor Plus Scheme has been modified recently. 
  • To keep the product in tune with the current market for such loans  To revise guidelines for collateral security to widen the coverage under CGTMSE 

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