HPH SME Banking by Dr. Suresh Chandra Bihari
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CLBKHPH1989
- The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 on June 16, 2006 which was notified on October 2, 2006.With the enactment of MSMED Act 2006, the paradigm shift that has taken place is the inclusion of the services sector in the definition of Micro, Small and Medium enterprises, apart from extending the scope to medium enterprises.
- The MSMED Act, 2006 has modified the definition of micro, small and medium enterprises engaged in manufacturing or production and providing or rendering of services. The Reserve Bank has notified the changes to all scheduled commercial banks. Further, the definition, as per the Act, has been adopted for purposes of bank credits vide RBI Circular Ref. RPCD.PLNFS. BC.No. 63/06.02.31/2006-07 dated April 4, 2007.
- Small and Medium Enterprises (SME) sector in India is the key driver of the nation’s economic growth with a contribution of over 40% to the country's industrial output and around 35% to direct exports. It accounts for over 90% of the industrial units in the country. In terms of employment, this sector plays a very crucial role, being the second largest employer after agriculture. The impressive performance has been in spite of the inadequacies in capital, technology and marketing.
- The Industries Development and Regulation Act, 1951, defines SMEs according to limits in Investment in Plant andMachinery. The small-scale sector, in India, comprises of the abstractness in defining a SME presents difficulty in identifying them, formulate and implement suitable policies for them. The limit on investment in Plant and Machinery and a plethora of laws governing (58 laws in 7 different categories) them, some of the SSIs seek refuge in remaining small inspite of opportunities to grow. The small size, opacity of the firms and their lack of awareness have bred the following hindrances to their growth.
Product Name | HPH SME Banking by Dr. Suresh Chandra Bihari |
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ISBN / Product Code | 9789352621989 |
Entrance & College Books | Text Books |
Binding | Paperback |
Display Weight | 244 |
Publisher | Himalaya Publication House |
Subject : College Books | Banking And Finance |
HSN Code | 4901 |
Company Details | Published by Himalaya Publication House.. Address "Pooja Apartments",4-B Murari Lal Street, Ansari Road, Darya Ganj, New Delhi - 110 002 In case of any queries regarding products please call at (011) 23270392, 23278631 or Email :- himpub@bharatmail.co.in |
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