https://www.taxtmi.com/news?id=2110 Banks are directed to reallocate MSE lending toward micro enterprises by achieving staged targets culminating in 60 percent of MSE advances for Micro Enterprises by 2012-13, with interim thresholds in earlier years. Institutions must sustain year-on-year growth in credit to micro and small enterprises and expand the number of micro enterprise accounts annually. All loans are to be priced with reference to the Base Rate and banks are not permitted to lend below the Base Rate with effect from 1 July 2010. en-us Fri, 12 Aug 2011 17:01:02 +0530 Fri, 12 Aug 2011 17:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2110 Banks are directed to reallocate MSE lending toward micro enterprises by achieving staged targets culminating in 60 percent of MSE advances for Micro Enterprises by 2012-13, with interim thresholds in earlier years. Institutions must sustain year-on-year growth in credit to micro and small enterprises and expand the number of micro enterprise accounts annually. All loans are to be priced with reference to the Base Rate and banks are not permitted to lend below the Base Rate with effect from 1 July 2010. News - Fri, 12 Aug 2011 17:01:02 +0530 https://www.taxtmi.com/news?id=2110