The rising interest rates from banks have affected the Indian SMEs a lot. The SME sector had to face worries with the substantial increase of interest from 53.60 percent to 60.71 percent after withdrawal of 2% interest subvention from all…
Tag: Interest Rates
Decreased Business Confidence Among SMEs with Rise in RBI Interest Rates – CII
A CII survey reported that the business confidence of the small and medium enterprises (SMEs) in India declined in the April-June quarter of 2011. The reason was found to be the rise in interest rates by the Reserve Bank of…