Mission Statement
 
Development and Promotion of an enabling Regulatory Framework, accompanied by effective measures to focus on Capacity Development of Financial Institutions, spreading awareness about SME Finance, and contributing effectively towards Exports.
 
Vision Statement
 
Creation of an integrated inclusive Financial System corroborated by effective regulatory measures, aimed at bringing SMEs and exports led industrial sectors into mainstream macroeconomic framework, with ready access to both formal and incentivized sources of Finance.
 
About Us
 

Introduction of Department

A separate Department for promotion and Development of SMEs was established in September 15, 2007, with the objective to undertake renewed efforts in the area of Strategy Development and implementation of related assignments, in order to support promotion of Finance to SMEs. The Department was established to focus on providing an enabling regulatory framework for SMEs, assessing their credit needs, capacity development of Banks/DFIs and awareness building through seminars/conferences to achieve the desired objectives, along with the promotion of financial services for export led industrial growth.
In July 2008, as a result of the re-organization, the Refinance Division of Microfinance Department was also merged into the SME Finance Department. The Department has two divisions, SME Finance Division and Refinance Division.

SME Finance Division

This Division is responsible for improvements in SME Policy and Regulatory framework through appropriate measures and Special Initiatives, in order to promote and develop SME Finance in the country.

Refinance Division

This division is responsible for formulating and implementing short and long term credit schemes on concessional terms for the promotion of exports of the country. Further, it also oversees the flow of banks' credit for commodity operations and to Public Sector Enterprises (PSEs) and Autonomous Bodies (ABs).

Major Departmental Goals

1. Working for improvement in SME Policy and Regulatory framework through appropriate measures/special initiatives.
2. Planning and executing Capacity Building measures for Banks.
3. Publication of Quarterly Review.
4. Acting as the secretariat for SME Credit Advisory Committee (SMECAC)
5. Formulation & implementation of credit schemes on concessional basis to promote the exports.
6. Monitoring of the flow of banks' credit to PSEs and for commodity operations.

Key Departmental Objectives

1. Promotion and Development of SME Finance.
2. Capacity Building of Financial Institutions
3. Promotion of Exports of the country.
4. Effective Coordination/Communication with key stakeholders.
5. Effective monitoring of Banks Credit to PSEs/ABs and for commodity operations.

 
 

 

 
 
       
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