Assuring that his ministry will depute its representatives to all the States and Union Territories across India to study and understand the challenges MSMEs face and provide them with the appropriate solutions, India’s MSME Minister Narayan Rane said MSMEs have complained of various challenges and difficulties they face in securing bank credit. Lamenting that many MSMEs have complained that banks are not releasing credit despite various government schemes, the Minister said he will discuss the relevant issues with the Union Finance Minister and get them redressed as soon as possible. Efforts would also be made to remove complexities encountered while launching new businesses, Rane added.
