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Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector

RBI/FIDD/2017-2018/56
Master Direction FIDD.MSME & NFS.12/06.02.31/2017-18

July 24, 2017

The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks

(excluding Regional Rural Banks)

Dear Sir/Madam,

Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector

As you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines / instructions / circulars / directives to banks in the matters relating to lending to Micro, Small & Medium Enterprises Sector. The Master Direction enclosed incorporates the updated guidelines / instructions / circulars on the subject. The list of circulars consolidated in this Master Direction is indicated in the Appendix. The Direction will be updated from time to time as and when fresh instructions are issued. This Master Direction has been placed on the RBI website at rbi.org.in.

2. Please acknowledge receipt.

Yours faithfully

(Uma Shankar)
Chief General Manager- in- Charge


Master Direction – Reserve Bank of India [Lending to Micro, Small & Medium Enterprises (MSME) Sector] - Directions, 2017

In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby, issues the Directions hereinafter specified.

CHAPTER – I

PRELIMINARY

1.1 Short Title and Commencement

(a) These Directions shall be called the Reserve Bank of India [Lending to Micro, Small & Medium Enterprises (MSME) Sector] Directions, 2017.

(b) These Directions shall come into effect on the day they are placed on the official website of the Reserve Bank of India.

1.2 Applicability

The provisions of these Directions shall apply to every Scheduled Commercial Bank {excluding Regional Rural Banks (RRBs)} licensed to operate in India by the Reserve Bank of India.

1.3 Definitions/ Clarifications

In these Directions, unless the context otherwise requires, the terms herein shall bear the meanings assigned to them as below:

(a) The MSMED Act, 2006 means ‘Micro, Small and Medium Enterprises Development (MSMED) Act, 2006’ as notified by the Government of India on June 16, 2006 and the amendments, if any, carried out therein by the Government of India from time to time.

(b) ‘Micro, Small and Medium Enterprises’ mean the enterprises as defined in the MSMED Act, 2006 and the amendments, if any, carried out therein by the Government of India from time to time.

(c) ‘Manufacturing’ and ‘Service’ Enterprises mean the enterprises as defined in the MSMED Act, 2006 or as notified by the Government of India, Ministry of MSME under the MSMED Act, 2006 from time to time.

(d) ‘Priority Sector’ means the sectors as defined in Master Direction - Reserve Bank of India (Priority Sector Lending –Targets and Classification) Directions, 2016 dated July 07, 2016 or as modified from time to time.

(e) ‘Adjusted Net Bank Credit (ANBC)’ would mean Adjusted Net Bank Credit (ANBC) as defined in Master Direction - Reserve Bank of India (Priority Sector Lending–Targets and Classification) Directions, 2016 dated July 07, 2016 or as modified from time to time.

CHAPTER – II

2 Micro, Small & Medium Enterprises Development (MSMED) Act, 2006

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 and notified the same vide Gazette Notification dated June 16, 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 & 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 credit vide RBI circular ref. RPCD.PLNFS. BC.No.63/06.02.31/2006-07 dated April 4, 2007.

2.1 Definition of Micro, Small and Medium Enterprises

(a) Manufacturing Enterprises i.e. Subject to the definition in MSMED Act, 2006, manufacturing enterprises would mean enterprises engaged in the manufacture or production of goods as specified below:

(i) A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;

(ii) A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore; and

(iii) A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

In case of the above enterprises, investment in plant and machinery is the original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification No.S.O. 1722(E) dated October 5, 2006 (Annex I).

(b) Service Enterprises i.e. Enterprises engaged in providing or rendering of services and whose investment in equipment (original cost excluding land and building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006) as specified below:

(i) A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 10 lakh;

(ii) A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore; and

(iii) A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore.

In terms of Ministry of MSME, GoI, Office Memorandum (OM) F. No. 12(4)/2017-SME dated March 8, 2017, it is clarified that for ascertaining the investment in plant and machinery for classification of an enterprise as Micro, Small and Medium, the following documents could be relied upon:

(i) A copy of the invoice of the purchase of plant and machinery; or

(ii) Gross block for investment in plant and machinery as shown in the audited accounts; or

(iii) A certificate issued by a Chartered Accountant regarding purchase price of plant and machinery.

Further, the Ministry has clarified that for the investment in plant and machinery for the purpose of classification of an enterprise as Micro, Small or Medium, the purchase value of the plant and machinery is to be reckoned and not the book value (purchase value minus depreciation)

The effective date for the above provision would be from the date MSMED Act, 2006 came into force and not prospectively. The above provisions would be applicable to section 7 (1) (a) and section 7 (1) (b) of the MSMED Act, 2006 i.e. enterprises engaged in manufacturing of goods and rendering of services as well. The detailed instructions in this regard were issued to the Scheduled Commercial Banks vide our circular FIDD.MSME & NFS. BC. No. 10/06.02.31/2017-18 dated July 13, 2017.

2.2 Priority Sector Guidelines for MSME sector

In terms of Master Direction FIDD.CO.Plan.1/04.09.01/2016-17 dated July 07, 2016 on ‘Priority Sector Lending - Targets and Classification’, bank loans to Micro, Small and Medium Enterprises, for both Manufacturing and Service sectors are eligible to be classified under the Priority Sector as per the following norms:

2.2.1 Manufacturing Enterprises

The Micro, Small and Medium Enterprises engaged in the manufacture or production of goods to any industry specified in the first schedule to the Industries (Development and Regulation) Act, 1951 and as notified by the Government from time to time. The Manufacturing Enterprises are defined in terms of investment in plant and machinery.

2.2.2 Service Enterprises

Bank loans up to Rs.5 crore per borrower / unit to Micro and Small Enterprises and Rs.10 crore to Medium Enterprises engaged in providing or rendering of services and defined in terms of investment in equipment under MSMED Act, 2006.

2.3 Khadi and Village Industries Sector (KVI)

All loans to units in the KVI sector will be eligible for classification under the sub-target of 7.5 percent prescribed for Micro Enterprises under priority sector.

2.4 Bank loans to food and agro processing units shall form part of agriculture.

2.5 Other Finance to MSMEs

(i) Loans to entities involved in assisting the decentralized sector in the supply of inputs to and marketing of outputs of artisans, village and cottage industries.

(ii) Loans to co-operatives of producers in the decentralized sector viz. artisans, village and cottage industries.

(iii) Loans sanctioned by banks to MFIs for on-lending to MSME sector as per the conditions specified in the extant Master Direction on ‘Priority Sector Lending - Targets and Classification’.

(iv) Credit outstanding under General Credit Cards (including Artisan Credit Card, Laghu Udyami Card, Swarojgar Credit Card, and Weaver’s Card etc. in existence and catering to the non-farm entrepreneurial credit needs of individuals).

(v) Overdrafts extended by banks after April 8, 2015 up to Rs.5,000/- under Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts provided the borrower’s household annual income does not exceed Rs.100,000/- for rural areas and Rs.1,60,000/- for non-rural areas. These overdrafts will qualify as achievement of the target for lending to Micro Enterprises.

(vi) Outstanding deposits with SIDBI and MUDRA Ltd. on account of priority sector shortfall.

2.6 To ensure that MSMEs do not remain small and medium units merely to remain eligible for priority sector status, the MSME units shall continue to enjoy the priority sector lending status up to three years after they grow out of the MSME category concerned.

2.7 As the MSMED Act, 2006 does not provide for clubbing of investments of different enterprises set up by same person / company for the purpose of classification as Micro, Small and Medium enterprises, therefore, the Gazette Notification No. S.O.2 (E) dated January 1, 1993 on clubbing of investments of two or more enterprises under the same ownership for the purpose of classification of industrial undertakings as SSI has been rescinded vide GOI Notification No. S.O. 563 (E) dated February 27, 2009.

CHAPTER - III

3 Targets / sub-targets for lending to Micro, Small and Medium Enterprises (MSME) sector by Domestic Commercial Banks and Foreign Banks operating in India

3.1 Advances to Micro, Small and Medium Enterprises (MSME) sector shall be reckoned in computing achievement under the overall Priority Sector target of 40 percent of Adjusted Net Bank Credit (ANBC) or credit equivalent amount of Off-Balance Sheet Exposure, whichever is higher, as per the extant guidelines on priority sector lending.

3.2 Domestic Commercial Banks are required to achieve a sub-target of 7.5 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher, for lending to Micro Enterprises. The sub-target for Micro Enterprises for foreign banks with 20 branches and above operating in India would be made applicable post 2018 after a review in 2017. However, this sub-target for lending to Micro Enterprises is not applicable to foreign banks with less than 20 branches operating in India.

3.3 Bank loans above Rs.5 crore per borrower / unit to Micro and Small Enterprises and Rs.10 crore to Medium Enterprises engaged in providing or rendering of services and defined in terms of investment in equipment under MSMED Act, 2006, shall not be reckoned in computing achievement under the overall Priority Sector targets as above. However, bank loans above Rs.5 crore per borrower / unit to Micro and Small Enterprises would be taken into account while assessing the performance of the banks with regard to their achievement of targets prescribed by the Prime Minister’s Task Force on MSMEs for lending to MSE sector.

3.4 In terms of the recommendations of the Prime Minister’s Task Force on MSMEs, banks are advised to achieve:

(i) 20 per cent year-on-year growth in credit to micro and small enterprises,

(ii) 10 per cent annual growth in the number of micro enterprise accounts and

(iii) 60 per cent of total lending to MSE sector as on corresponding quarter of the previous year to Micro enterprises.

CHAPTER - IV

4 Common guidelines / instructions for lending to MSME sector

4.1 Issue of Acknowledgement of Loan Applications to MSME borrowers

Banks are advised to mandatorily acknowledge all loan applications, submitted manually or online, by their MSME borrowers and ensure that a running serial number is recorded on the application form as well as on the acknowledgement receipt. Banks are further advised to put in place a system of Central Registration of loan applications, online submission of loan applications and a system of e-tracking of MSE loan applications.

4.2 Collateral

Banks are mandated not to accept collateral security in the case of loans up to Rs.10 lakh extended to units in the MSE sector. Banks are also advised to extend collateral-free loans up to Rs. 10 lakh to all units financed under the Prime Minister Employment Generation Programme (PMEGP) administered by KVIC.

Banks may, on the basis of good track record and financial position of the MSE units, increase the limit to dispense with the collateral requirement for loans up to Rs.25 lakh (with the approval of the appropriate authority).

Banks are advised to strongly encourage their branch level functionaries to avail of the Credit Guarantee Scheme cover, including making performance in this regard a criterion in the evaluation of their field staff.

4.3 Composite loan

A composite loan limit of Rs.1 crore can be sanctioned by banks to enable the MSE entrepreneurs to avail of their working capital and term loan requirement through Single Window.

4.4 Revised General Credit Card (GCC) Scheme

In order to enhance the coverage of GCC Scheme to ensure greater credit linkage for all productive activities within the overall Priority Sector guidelines and to capture all credit extended by banks to individuals for non-farm entrepreneurial activity, the GCC guidelines were revised on December 2, 2013.

4.5 Credit Linked Capital Subsidy Scheme (CLSS)

Government of India, Ministry of Micro, Small and Medium Enterprises had launched Credit Linked Capital Subsidy Scheme (CLSS) for Technology Upgradation of Micro and Small Enterprises subject to the following terms and conditions:

(i) Ceiling on the loan under the scheme is Rs.1 crore.

(ii) The rate of subsidy is 15% for all units of micro and small enterprises up to loan ceiling at Sr. No. (i) above.

(iii) Calculation of admissible subsidy will be done with reference to the purchase price of plant and machinery instead of term loan disbursed to the beneficiary unit.

(iv) SIDBI and NABARD will continue to be implementing agencies of the scheme.

4.6 Streamlining flow of credit to Micro and Small Enterprises (MSEs) for facilitating timely and adequate credit flow during their ‘Life Cycle’:

In order to provide timely financial support to Micro and Small enterprises facing financial difficulties during their ‘Life Cycle’, guidelines were issued to banks vide our circular FIDD.MSME & NFS.BC.No.60/06.02.31/2015-16 dated August 27, 2015 on the captioned subject. Banks are advised to review and tune their existing lending policies to the MSE sector by incorporating therein the following provisions so as to facilitate timely and adequate availability of credit to viable MSE borrowers especially during the need of funds in unforeseen circumstances:

i) To extend standby credit facility in case of term loans

ii) Additional working capital to meet with emergent needs of MSE units

iii) Mid-term review of the regular working capital limits, where banks are convinced that changes in the demand pattern of MSE borrowers require increasing the existing credit limits of the MSMEs, every year based on the actual sales of the previous year.

iv) Timelines for Credit Decisions

4.7 Debt Restructuring Mechanism for MSMEs

(i) All scheduled commercial banks are advised to follow the guidelines / instructions pertaining to SME Debt Restructuring, as contained in circular DBR.No.BP.BC.2/21.04.048/2015-16 dated July 1, 2015 on ‘Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances’ and as updated from time to time.

(ii) All commercial banks are also advised in terms of our circular RPCD.SME&NFS.BC.No. 102/06.04.01/2008-09 dated May 4, 2009 to do the following:

a.       put in place loan policies governing extension of credit facilities, Restructuring/Rehabilitation policy for revival of potentially viable sick units / enterprises (now read with guidelines on Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises issued on March 17, 2016) and non- discretionary One Time Settlement scheme for recovery of non-performing loans for the MSE sector, with the approval of the Board of Directors and

b.      give wide publicity to the One Time settlement scheme implemented by them, by placing it on the bank’s website and through other possible modes of dissemination. They may allow reasonable time to the borrowers to submit the application and also make payment of the dues in order to extend the benefits of the scheme to eligible borrowers.

c.       implement recommendations with regard to timely and adequate flow of credit to the MSE sector.

4.8 Framework for Revival and Rehabilitation of MSMEs

The Ministry of Micro, Small and Medium Enterprises, Government of India, vide their Gazette Notification dated May 29, 2015 had notified a ‘Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises’ to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs. After carrying out certain changes in the captioned Framework in consultation with the Government of India, Ministry of MSME so as to make it compatible with the existing regulatory guidelines on ‘Income Recognition, Asset Classification and provisioning pertaining to Advances’ issued to banks by RBI, the guidelines on the captioned Framework along with operating instructions were issued to banks on March 17, 2016. The revival and rehabilitation of MSME units having loan limits up to Rs.25 crore would be undertaken under this Framework. The revised Framework supersedes our earlier Guidelines on Rehabilitation of Sick Micro and Small Enterprises issued vide our circular RPCD.CO.MSME& NFS.BC.40/06.02.31/2012-2013 dated November 1, 2012, except those relating to Reliefs and Concessions for Rehabilitation of Potentially Viable Units and One Time Settlement, mentioned in the said circular.

The salient features of the Framework are as under:

i) Before a loan account of an MSME turns into a Non-Performing Asset (NPA), banks or creditors should identify incipient stress in the account by creating three sub-categories under the Special Mention Account (SMA) category as given in the Framework

ii) Any MSME borrower may also voluntarily initiate proceedings under this Framework

iii) Committee approach to be adopted for deciding corrective action plan

iv) Time lines have been fixed for taking various decisions under the Framework

4.9 Structured Mechanism for monitoring the credit growth to the MSE sector

In view of the concerns emerging from the deceleration in credit growth to the MSE sector, an Indian Banking Association (IBA)-led Sub-Committee (Chairman: Shri K.R. Kamath) was set up to suggest a structured mechanism to be put in place by banks to monitor the entire gamut of credit related issues pertaining to the sector. Based on the recommendations of the Committee, banks are advised to:

• strengthen their existing systems of monitoring credit growth to the sector and put in place a system-driven comprehensive performance management information system (MIS) at every supervisory level (branch, region, zone, head office) which should be critically evaluated on a regular basis;

• put in place a system of e-tracking of MSE loan applications and monitor the loan application disposal process in banks, giving branch-wise, region-wise, zone-wise and State-wise positions. The position in this regard is to be displayed by banks on their websites; and

Detailed guidelines were issued to the scheduled commercial banks vide our circular RPCD. MSME&NFS.BC.No.74/06.02.31/2012-13 dated May 9, 2013.

Chapter - V

5 Institutional arrangements

5.1 Specialised MSME branches

Public sector banks are advised to open at least one specialised branch in each district. Further, banks have been permitted to categorise their general banking branches having 60% or more of their advances to MSME sector as specialized MSME branches in order to encourage them to open more specialised MSME branches for providing better service to this sector as a whole. As per the policy package announced by the Government of India for stepping up credit to MSME sector, the public sector banks would ensure specialized MSME branches in identified clusters/centres with preponderance of small enterprises to enable the entrepreneurs to have easy access to the bank credit and to equip bank personnel to develop requisite expertise. Though their core competence will be utilized for extending finance and other services to MSME sector, they will have operational flexibility to extend finance/render other services to other sectors/borrowers. Banks may take care to train the officials posted in such branches appropriately.

5.2 State Level Inter Institutional Committee (SLIIC)

In order to deal with the problems of co-ordination for rehabilitation of sick micro and small units, State Level Inter-Institutional Committees were set up in the States. However, the matter of continuation or otherwise, of the SLIIC Forum has been left to the individual States / Union Territory.

5.3 Empowered Committee on MSMEs

As part of the announcement made by the Union Finance Minister, Empowered Committees on MSMEs are constituted at the Regional Offices of Reserve Bank of India, under the Chairmanship of the Regional Directors with the representatives of SLBC Convenor, senior level officers from two banks having predominant share in MSME financing in the state, representative of SIDBI Regional Office, the Director of MSME or Industries of the State Government, one or two senior level representatives from the MSME Associations in the state, and a senior level officer from SFC/SIDC as members. The Committee would meet periodically and review the progress in MSME financing as also revival and rehabilitation of stressed Micro, Small and Medium units. It would also coordinate with other banks/financial institutions and the state government in removing bottlenecks, if any, to ensure smooth flow of credit to the sector. The committees may decide the need to have similar committees at cluster/district levels.

5.4 Banking Codes and Standards Board of India (BCSBI)

The Banking Codes and Standards Board of India (BCSBI) has formulated a Code of Bank's Commitment to Micro and Small Enterprises. The Code sets minimum standards of banking practices for banks to follow when they are dealing with Micro and Small Enterprises (MSEs) as defined in the Micro Small and Medium Enterprises Development (MSMED) Act, 2006. It provides protection to MSE and explains how banks are expected to deal with MSE for their day to-day operations and in times of financial difficulty.

The Code also mentions, inter alia, that the banks are expected to dispose of MSE loan application for a credit limit or enhancement in the existing credit limit up to Rs.5 lakh within two weeks; and for credit limit above Rs.5 lakh and up to Rs.25 lakh within 3 weeks; and for credit limit above Rs.25 lakh within 6 weeks from the date of receipt, provided the application is complete in all respects and is accompanied by documents as per ‘check list’ provided. However, every effort should be taken to reduce further the time taken to process and dispose of MSE loan applications.

The Code does not replace or supersede regulatory or supervisory instructions issued by the Reserve Bank of India (RBI) and banks will comply with such instructions /directions issued by the RBI from time to time.

5.4.1 Objectives of the BCSBI Code

The Code is developed to:

(a) Give a positive thrust to the MSE sector by providing easy access to efficient banking services.

(b) Promote good and fair banking practices by setting minimum standards in dealing with MSE.

(c) Increase transparency to enable a better understanding of what can reasonably be expected of the services.

(d) Improve understanding of business through effective communication.

(e) Encourage market forces, through competition, to achieve higher operating standards.

(f) Promote a fair and cordial relationship between MSE and banks and also ensure timely and quick response to banking needs.

(g) Foster confidence in the banking system.

The complete text of the Code is available at the BCSBI's website (bcsbi.org.in)

5.5 Micro and Small Enterprises Sector – The imperative of Financial Literacy and consultancy support

Keeping in view the high extent of financial exclusion in the MSME sector, it is imperative for banks that the excluded units are brought within the fold of the formal banking sector. The lack of financial literacy, operational skills, including accounting and finance, business planning etc. represent formidable challenge for MSE borrowers underscoring the need for facilitation by banks in these critical financial areas. Moreover, MSE enterprises are further handicapped in this regard by absence of scale and size. To effectively and decisively address these handicaps, Scheduled commercial banks were advised vide our circular RPCD.MSME & NFS.BC.No.20/06.02.31/2012-13 dated August 1, 2012 that they could either separately set up special cells at their branches, or vertically integrate this function in the Financial Literacy Centres (FLCs) set up by them, as per their comparative advantage. The bank staff should also be trained through customised training programs to meet the specific needs of the sector.

Further, Financial Literacy Centres operated by Scheduled commercial Banks have been advised vide our circular FIDD.FLC.BC.No.22/12.01.018/2016-17 dated March 2, 2017 to conduct target specific financial literacy camps, where one of the target groups is small entrepreneurs.

5.6 Cluster Approach

All SLBC Convenor banks are advised to incorporate in their Annual Credit Plans, the credit requirement in the clusters identified by the Ministry of Micro, Small and Medium Enterprises, Government of India. They are also encouraged to extend banking services in such clusters / agglomerations which have come up and identified subsequently by SLBC / DCC members.

(i) As per Ganguly Committee recommendations (September 4, 2004), banks are advised that a full-service approach to cater to the diverse needs of the SSI sector (now MSE sector) may be achieved through extending banking services to recognized MSE clusters by adopting a 4-C approach namely, Customer focus, Cost control, Cross sell and Contain risk. A cluster based approach to lending may be more beneficial:

(a) in dealing with well-defined and recognized groups;

(b) for making available of appropriate information for risk assessment and

(c) for monitoring by the lending institutions.

Clusters may be identified based on factors such as trade record, competitiveness and growth prospects and/or other cluster specific data.

(ii) All SLBC Convenor banks were advised vide letter RPCD.PLNFS.No.10416/06.02.31/2006-07 dated May 8, 2007 to review their institutional arrangements for delivering credit to the MSME sector, especially in 388 clusters identified by United Nations Industrial Development Organisation (UNIDO) spread over 21 states in various parts of the country. A list of SME clusters as identified by UNIDO has been furnished in Annex II.

(iii) The Ministry of Micro, Small and Medium Enterprises has approved a list of clusters under the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) and Micro and Small Enterprises Cluster Development Programme (MSE-CDP) located in 121 Minority Concentration Districts. Accordingly, appropriate measures have been taken to improve the credit flow to the identified clusters of micro and small entrepreneurs from the Minority Communities residing in the minority concentrated districts of the country.

(iv) In terms of recommendations of the Prime Minister’s Task Force on MSMEs banks should open more MSE focused branch offices at different MSE clusters which can also act as Counselling Centres for MSEs. Each lead bank of a district may adopt at least one MSE cluster.

5.7 Delayed Payment

In the Micro, Small and Medium Enterprises Development (MSMED), Act 2006, the provisions of the Interest on Delayed Payment Act, 1998 to Small Scale and Ancillary Industrial Undertakings, have been strengthened as under:

(i) The buyer has to make payment to the supplier on or before the date agreed upon between him and the supplier in writing or, in case of no agreement, before the appointed day. The period agreed upon between the supplier and the buyer shall not exceed forty five days from the date of acceptance or the day of deemed acceptance.

(ii) In case the buyer fails to make payment of the amount to the supplier, he shall be liable to pay compound interest with monthly rests to the supplier on the amount from the appointed day or, on the date agreed on, at three times of the Bank Rate notified by Reserve Bank.

(iii) For any goods supplied or services rendered by the supplier, the buyer shall be liable to pay the interest as advised at (ii) above.

(iv) In case of dispute with regard to any amount due, a reference shall be made to the Micro and Small Enterprises Facilitation Council, constituted by the respective State Government.

Further, banks are advised to fix sub-limits within the overall working capital limits to the large borrowers specifically for meeting the payment obligation in respect of purchases from MSMEs.

CHAPTER - VI

6 Committees on flow of Credit to MSE sector

Scheduled Commercial Banks may be guided by the contents of the following circulars while extending credit to MSE sector:

6.1 Report of the High Level Committee on Credit to SSI (now MSE) (Kapur Committee)

All scheduled commercial banks were advised vide our circular RPCD. No. PLNFS.BC.22/06.02.31/98-99 dated August 28, 1998 to implement the Kapur Committee Recommendations.

6.2 Report of the Committee to Examine the Adequacy of Institutional Credit to SSI Sector (now MSE) and Related Aspects (Nayak Committee)

All scheduled commercial banks were advised vide our circular RPCD.PLNFS.BC.No. 61/06.0262/2000-01 dated March 2, 2001 to implement the Nayak Committee Recommendations.

6.3 Report of the Working Group on Flow of Credit to SSI (now MSE) Sector (Ganguly Committee)

The recommendations of the Committee was communicated to banks for implementation vide circular RPCD.PLNFS.BC.28/06.02.31(WG)/2004-05 dated September 4, 2004.

6.4 Working Group on Rehabilitation of Sick SMEs (Chairman: Dr. K.C. Chakrabarty)

Banks were advised vide circular dated RPCD.SME&NFS.BC.No.102/06.04.01/2008-09 dated May 4, 2009 to consider implementation of the recommendations, inter alia, that lending in case of all advances upto Rs. 2 crores may be done on the basis of scoring model. Banks have further been advised vide circular DBOD.Dir.BC.No.106/13.03.00/2013-14 dated April 15, 2014 to undertake a review of their loan policy governing extension of credit facilities to the MSE sector, with a view to using Board approved credit scoring models in their evaluation of the loan proposals of MSE borrowers.

6.5 Prime Minister’s Task Force on Micro, Small and Medium Enterprises

A High Level Task Force was constituted by the Government of India (Chairman: Shri T K A Nair), in January 2010, to consider various issues raised by Micro, Small and Medium Enterprises (MSMEs). The Task Force recommended several measures having a bearing on the functioning of MSMEs, viz., credit, marketing, labour, exit policy, infrastructure/technology/skill development and taxation. The comprehensive recommendations cover measures that need immediate action as well as medium term institutional measures along with legal and regulatory structures and recommendations for North-Eastern States and Jammu & Kashmir.

Banks are urged to keep in view the recommendations made by the Task Force and take effective steps to increase the flow of credit to the MSE sector, particularly to the micro enterprises.

A circular was issued to all scheduled commercial banks vide RPCD.SME&NFS BC.No. 90/06.02.31/2009-10 dated June 29, 2010 advising implementation of the recommendations of the Prime Minister’s Task Force on MSMEs.

6.6 Working Group to Review the Credit Guarantee Scheme for Micro and Small Enterprises

A Working Group was constituted by the Reserve Bank of India under the Chairmanship of Shri V.K. Sharma, Executive Director, to review the working of the Credit Guarantee Scheme (CGS) of CGTMSE and suggest measures to enhance its usage and facilitate increased flow of collateral free loans to MSEs.

The recommendations of the Working Group included, inter alia, mandatory doubling of the limit for collateral free loans to micro and small enterprises (MSEs) sector from Rs.5 lakh to Rs.10 lakh and enjoining upon the Chief Executive Officers of banks to strongly encourage the branch level functionaries to avail of the CGS cover and making performance in this regard a criterion in the evaluation of their field staff, etc. have been advised to all banks.

A circular to this effect was issued to all scheduled commercial banks vide RPCD.SME&NFS.BC.No.79/06.02.31/2009-10 dated May 6, 2010.


Annex I

MINISTRY OF SMALL SCALE INDUSTRIES
NOTIFICATION
New Delhi, the 5th October, 2006

S.O. 1722(E) – In exercise of the powers conferred by sub-section (1) of Section 7 of the MSMED Act, 2006 (27 of 2006) herein referred to as the said Act, the Central Government hereby specifies the following items, the cost of which shall be excluded while calculating the investment in plant and machinery in the case of the enterprises mentioned in Section 7(1) (a) of the said Act, namely:

(i) equipment such as tools, jigs, dyes, moulds and spare parts for maintenance and the cost of consumables stores;

(ii) installation of plant and machinery;

(iii) research and development equipment and pollution controlled equipment

(iv) power generation set and extra transformer installed by the enterprise as per regulations of the State Electricity Board;

(v) bank charges and service charges paid to the National Small Industries Corporation or the State Small Industries Corporation;

(vi) procurement or installation of cables, wiring, bus bars, electrical control panels (not mounted on individual machines), oil circuit breakers or miniature circuit breakers which are necessarily to be used for providing electrical power to the plant and machinery or for safety measures;

(vii) gas producer plants;

(viii) transportation charges (excluding sales-tax or value added tax and excise duty) for indigenous machinery from the place of their manufacture to the site of the enterprise;

(ix) charges paid for technical know-how for erection of plant and machinery;

(x) such storage tanks which store raw material and finished products and are not linked with the manufacturing process; and

(xi) firefighting equipment.

2. While calculating the investment in plant and machinery referred to in paragraph 1, the original price thereof, irrespective of whether the plant and machinery are new or second hand, shall be taken into account provided that in the case of imported machinery, the following shall be included in calculating the value, namely;

(i) Import duty (excluding miscellaneous expenses such as transportation from the port to the site of the factory, demurrage paid at the port);

(ii) Shipping charges;

(iii) Customs clearance charges; and

(iv) Sales tax or value added tax.

(F.No.4(1)/2006-MSME- Policy)

JAWHAR SIRCAR, Addl. Secy.


Annex II

List of MSME Clusters in India (identified by UNIDO)

S. No.

State

District

Location

Product

1

Andhra Pradesh

Anantpur

Rayadurg

Readymade Garments

2

Andhra Pradesh

Anantpur

Chitradurg

Jeans Garments

3

Andhra Pradesh

Chittoor

Nagari

Powerloom

4

Andhra Pradesh

Chittoor

Ventimalta, Srikalahasti, Chundur

Brass Utensils

5

Andhra Pradesh

East Godavari

East Godavari

Rice Mills

6

Andhra Pradesh

East Godavari

Rajahmundry

Graphite Crucibles

7

Andhra Pradesh

East Godavari

East Godavari

Coir & Coir Products

8

Andhra Pradesh

East Godavari

Rajahmundry

Aluminium Utensils

9

Andhra Pradesh

East Godavari & West Godavari

East Godavari (EG) & West Godavari

Refractory Products

10

Andhra Pradesh

Guntur

Guntur

Powerloom

11

Andhra Pradesh

Guntur

Guntur

Lime Calcination

12

Andhra Pradesh

Guntur

Macherla

Wooden Furniture

13

Andhra Pradesh

Hyderabad

Hyderabad

Ceilling Fan

14

Andhra Pradesh

Hyderabad

Hyderabad

Electronic Goods

15

Andhra Pradesh

Hyderabad

Hyderabad

Pharmaceuticals- Bulk Drugs

16

Andhra Pradesh

Hyderabad

Musheerabad

Leather Tanning

17

Andhra Pradesh

Hyderabad

Hyderabad

Hand Pumpsets

18

Andhra Pradesh

Hyderabad

Hyderabad

Foundry

19

Andhra Pradesh

Karimnagar

Sirsilla

Powerloom

20

Andhra Pradesh

Krishna

Machilipatnam

Gold Plating & Imitation Jewellery

21

Andhra Pradesh

Krishna

Vijayawada

Rice Mills

22

Andhra Pradesh

Krishna

Chundur, Kavadiguda, Charminar, Vijayawada

Steel Furniture

23

Andhra Pradesh

Kurnool

Adoni

Oil Mills

24

Andhra Pradesh

Kurnool

Kurnool

Artificial Diamonds

25

Andhra Pradesh

Kurnool, Cuddapah

Kurnool(Banaganapalle, Bethamcheria, Kolimigundla) Cuddapah

Polished Slabs

26

Andhra Pradesh

Prakasam

Markapuram

Stone Slate

27

Andhra Pradesh

Ranga Reddy

Balanagar, Jeedimetla & Kukatpally

Machine Tools

28

Andhra Pradesh

Srikakulam

Palasa

Cashew Processing

29

Andhra Pradesh

Visakhapatnam, East Godavari

Visakhapatnam, Kakinada

Marine Foods

30

Andhra Pradesh

Warangal

Warangal

Powerloom

31

Andhra Pradesh

Warangal

Warangal

Brassware

32

Andhra Pradesh

West Godavari

West Godavari

Rice Mills

33

Bihar

Begusarai

Barauni

Engineering & Fabrication

34

Bihar

Muzzafarpur

Muzzafarpur

Food Products

35

Bihar

Patna

Patna

Brass and German Silver Utensils

36

Chhattisgarh

Durg, Rajnandgaon, Raipur

Durg, Rajnandgaon, Raipur

Steel Re-rolling

37

Chhattisgarh

Durg, Raipur

Durg, Raipur

Castings & Metal Fabrication

38

Delhi

North West Delhi

Wazirpur, Badli

Stainless Steel Utensils & Cutlery

39

Delhi

South & West Delhi

Okhla, Mayapuri

Chemicals

40

Delhi

West & South

Naraina & Okhla

Electrical Engineering Equipment

41

Delhi

West & South

Naraina & Okhla

Electronic Goods

42

Delhi

North Delhi

Lawrence Road

Food Products

43

Delhi

South Delhi

Okhla, Wazirpur Flatted Factories Complex

Leather Products

44

Delhi

South, West Delhi

Okhla, Mayapuri, Anand Parbat

Mechanical Engineering Equipment

45

Delhi

West, South, East Delhi

Naraina, Okhla, Patparganj

Packaging Material

46

Delhi

West & South

Naraina & Okhla

Paper Products

47

Delhi

West & South

Naraina Udyog Nagar & Okhla

Plastic Products

48

Delhi

West, South, North West

Naraina, Okhla, Shivaji Marg, Najafgarh Road

Rubber Products

49

Delhi

North East Delhi

Shahadara & Vishwasnagar

Wire Drawing

50

Delhi

West & North West

Mayapuri & Wazirpur

Metal Fabrication

51

Delhi

West & North East

Kirtinagar & Tilak Nagar

Furniture

52

Delhi

North West Delhi

Wazirpur

Electro Plating

53

Delhi

South, West, North West & North West

Okhla, Mayapuri, Naraina, Wazirpur Badli & G.T. Karnal Road

Auto Components

54

Delhi

North East Delhi, East Delhi & South

Shahdara, Gandhinagar, Okhla & Maidangari

Hosiery

55

Delhi

South & North East

Okhla & Shahdara

Readymade Garments

56

Delhi

South Delhi

Okhla

Sanitary Fittings

57

Gujarat

Ahmedabad

Ahmedabad

Pharmaceuticals

58

Gujarat

Ahmedabad

Ahmedabad

Dyes & Intermediates

59

Gujarat

Ahmedabad

Ahmedabad

Moulded Plastic Products

60

Gujarat

Ahmedabad

Ahmedabad

Readymade Garments

61

Gujarat

Ahmedabad

Ahmedabad

Textile Machinery Parts

62

Gujarat

Ahmedabad

Ahmedabad, Dhanduka

Diamond Processing

63

Gujarat

Ahmedabad

Ahmedabad

Machine Tools

64

Gujarat

Ahmedabad

Ahmedabad

Castings & Forging

65

Gujarat

Ahmedabad

Ahmedabad

Steel Utensils

66

Gujarat

Ahmedabad

Ahmedabad

Wood Product & Furniture

67

Gujarat

Ahmedabad

Ahmedabad

Paper Products

68

Gujarat

Ahmedabad

Ahmedabad

Leather Footware

69

Gujarat

Ahmedabad

Ahmedabad

Washing Powder & Soap

70

Gujarat

Ahmedabad

Ahmedabad

Marble Slabs

71

Gujarat

Ahmedabad

Ahmedabad

Power Driven Pumps

72

Gujarat

Ahmedabad

Ahmedabad

Electronic Goods

73

Gujarat

Ahmedabad

Ahmedabad

Auto Parts

74

Gujarat

Amreli

Savarkundla

Weights & Measures

75

Gujarat

Amrelli, Juna Garh, Rajkot

Amrelli Juna Garh Rajkot belt

Oil Mills Machinery

76

Gujarat

Bhavnagar

Alang

Ship Breaking

77

Gujarat

Bhavnagar

Bhavnagar

Steel Re-rolling

78

Gujarat

Bhavnagar

Bhavnagar

Machine Tools

79

Gujarat

Bhavnagar

Bhavnagar

Plastic Processing

80

Gujarat

Bhavnagar

Bhavnagar

Diamond Processing

81

Gujarat

Gandhinagar

Kalol

Powerloom

82

Gujarat

Jamnagar

Jamnagar

Brass Parts

83

Gujarat

Jamnagar

Jamnagar

Wood Product & Furniture

84

Gujarat

Mahesana

Vijapur

Cotton Cloth Weaving

85

Gujarat

Rajkot

Dhoraji, Gondal, Rajkot

Oil Mills

86

Gujarat

Rajkot

Jetpur

Textile Printing

87

Gujarat

Rajkot

Morvi & Wankaner

Flooring Tiles(Clay)

88

Gujarat

Rajkot

Morvi

Wall Clocks

89

Gujarat

Rajkot

Rajkot

Diesel Engines

90

Gujarat

Rajkot

Rajkot

Electric Motors

91

Gujarat

Rajkot

Rajkot

Castings & Forging

92

Gujarat

Rajkot

Rajkot

Machine Tools

93

Gujarat

Rajkot

Rajkot

Diamond Processing

94

Gujarat

Surat

Surat, Choryasi

Diamond Processing

95

Gujarat

Surat

Surat

Powerloom

96

Gujarat

Surat

Surat

Wood Product & Furniture

97

Gujarat

Surat

Surat

Textile Machinery

98

Gujarat

Surendranagar

Surendranagar & Thangadh

Ceramics

99

Gujarat

Surendranagar

Chotila

Sanitary Fittings

100

Gujarat

Vadodara

Vadodara

Pharmaceuticals- Bulk Drugs

101

Gujarat

Vadodara

Vadodara

Plastic Processing

102

Gujarat

Vadodara

Vadodara

Wood Product & Furniture

103

Gujarat

Valsad

Pardi

Dyes & Intermediates

104

Gujarat

Valsad/Bharuch

Vapi/Ankleshwar

Chemicals

105

Gujarat

Valsad/Bharuch

Vapi/Ankleshwar

Pharmaceuticals- Bulk Drugs

106

Goa

South Goa

Margao

Pharmaceutical

107

Haryana

Ambala

Ambala

Mixies & Grinders

108

Haryana

Ambala

Ambala

Scientific Instruments

109

Haryana

Bhiwani

Bhiwani

Powerloom

110

Haryana

Bhiwani

Bhiwani

Stone Crushing

111

Haryana

Faridabad

Faridabad

Auto Components

112

Haryana

Faridabad

Faridabad

Engineering Cluster

113

Haryana

Faridabad

Faridabad

Stone Crushing

114

Haryana

Gurgaon

Gurgaon

Auto Components

115

Haryana

Gurgaon

Gurgaon

Electronic Goods

116

Haryana

Gurgaon

Gurgaon

Electrical Engineering Equipment

117

Haryana

Gurgaon

Gurgaon

Readymade Garments

118

Haryana

Gurgaon

Gurgaon

Mechanical Engineering Equipment

119

Haryana

Kaithal

Kaithal

Rice Mills

120

Haryana

Karnal

Karnal

Agricultural Implements

121

Haryana

Karnal, Kurukshetra, Panipat

Karnal, Kurukshetra, Panipat

Rice Mills

122

Haryana

Panchkula

Pinjore

Engineering Equipment

123

Haryana

Panchkula

Panchkula

Stone Crushing

124

Haryana

Panipat

Panipat

Powerloom

125

Haryana

Panipat

Panipat

Shoddy Yarn

126

Haryana

Panipat

Samalkha

Foundry

127

Haryana

Panipat

Panipat

Cotton Spinning

128

Haryana

Rohtak

Rohtak

Nuts/ Bolts

129

Haryana

Yamuna Nagar

Yamuna Nagar

Plywood/Board/Blackboard

130

Haryana

Yamunanagar

Jagadhri

Utensils

131

Himachal Pradesh

Kullu & Sirmaur

Kullu & Sirmaur

Food Processing

132

Himachal Pradesh

Kangra

Damtal

Stone Crushing

133

Himachal Pradesh

Solan

Parwanoo

Engineering Equipment

134

Jammu & Kashmir

Anantnag

Anantnag

Cricket Bat

135

Jammu & Kashmir

Jammu

Jammu

Steel Re-rolling

136

Jammu & Kashmir

Jammu/ Kathua

Jammu/ Kathua

Oil Mills

137

Jammu & Kashmir

Jammu/ Kathua

Jammu/ Kathua

Rice Mills

138

Jammu & Kashmir

Srinagar

Srinagar

Timber Joinery/ Furniture

139

Jharkhand

Sarikela-Kharsawan

Adityapur

Auto Components

140

Jharkhand

East Singhbhum

Jamshedpur

Engineering & Fabrication

141

Jharkhand

Bokaro

Bokaro

Engineering & Fabrication

142

Karnataka

Bangalore

Bangalore

Machine Tools

143

Karnataka

Bangalore

Bangalore

Powerloom

144

Karnataka

Bangalore

Bangalore

Electronic Goods

145

Karnataka

Bangalore

Bangalore

Readymade Garments

146

Karnataka

Bangalore

Bangalore

Light Engineering

147

Karnataka

Bangalore

Bangalore

Leather Products

148

Karnataka

Belgaum

Belgaum

Foundry

149

Karnataka

Belgaum

Belgaum

Powerloom

150

Karnataka

Bellary

Bellary

Jeans Garments

151

Karnataka

Bijapur

Bijapur

Oil Mills

152

Karnataka

Dharwad

Hubli, Dharwad

Agriculture Implements and Tractor Trailer

153

Karnataka

Gadag

Gadag Betgeri

Powerloom

154

Karnataka

Gulburga

Gulburga Gadagh belt

Dal Mills

155

Karnataka

Hassan

Arasikara

Coir & Coir Products

156

Karnataka

Mysore

Mysore

Food Products

157

Karnataka

Mysore

Mysore

Silk

158

Karnataka

Raichur

Raichur

Leather Products

159

Karnataka

Shimoga

Shimoga

Rice Mills

160

Karnataka

South Kannada

Mangalore

Food Products

161

Kerala

Alappuzha

Alappuzha

Coir & Coir Products

162

Kerala

Ernakulam

Ernakulam

Rubber Products

163

Kerala

Ernakulam

Ernakulam

Powerloom

164

Kerala

Ernakulam

Kochi

Sea Food Processing

165

Kerala

Kannur

Kannur

Powerloom

166

Kerala

Kollam

Kollam

Coir & Coir Products

167

Kerala

Kottayam

Kottayam

Rubber Products

168

Kerala

Mallappuram

Mallappuram

Powerloom

169

Kerala

Palakkad

Palakkad

Powerloom

170

Kerala

 

Faizlure

Powerloom

171

Maharashtra

Ahmednagar

Ahmednagar

Auto Components

172

Maharashtra

Akola

Akola

Oil Mills (Cotton seed)

173

Maharashtra

Akola

Akola

Dal Mills

174

Maharashtra

Aurangabad

Aurangabad

Auto Components

175

Maharashtra

Aurangabad

Aurangabad

Pharmaceuticals- Bulk Drugs

176

Maharashtra

Bhandara

Bhandara

Rice Mills

177

Maharashtra

Chandrapur

Chandrapur

Roofing Tiles

178

Maharashtra

Chandrapur

Chandrapur

Rice Mills

179

Maharashtra

Dhule

Dhule

Chilly Powder

180

Maharashtra

Gadchiroli

Gadchiroli

Castings & Forging

181

Maharashtra

Gadchiroli

Gadchiroli

Rice Mills

182

Maharashtra

Gondia

Gondiya

Rice Mills

183

Maharashtra

Jalgaon

Jalgaon

Dal Mills

184

Maharashtra

Jalgaon

Jalgaon

Agriculture Implements

185

Maharashtra

Jalna

Jalna

Engineering Equipment

186

Maharashtra

Kolhapur

Kolhapur

Diesel Engines

187

Maharashtra

Kolhapur

Kolhapur

Foundry

188

Maharashtra

Kolhapur

Ichalkaranji

Powerloom

189

Maharashtra

Mumbai

Mumbai

Electronic Goods

190

Maharashtra

Mumbai

Mumbai

Pharmaceutical - Basic Drugs

191

Maharashtra

Mumbai

Mumbai

Toys (Plastic)

192

Maharashtra

Mumbai

Mumbai

Readymade Garments

193

Maharashtra

Mumbai

Mumbai

Hosiery

194

Maharashtra

Mumbai

Mumbai

Machine Tools

195

Maharashtra

Mumbai

Mumbai

Engineering Equipment

196

Maharashtra

Mumbai

Mumbai

Chemicals

197

Maharashtra

Mumbai

Mumbai

Packaging Material

198

Maharashtra

Mumbai

Mumbai

Handtools

199

Maharashtra

Mumbai

Mumbai

Plastic Products

200

Maharashtra

Nagpur

Nagpur

Powerloom

201

Maharashtra

Nagpur

Nagpur

Engineering & Fabrication

202

Maharashtra

Nagpur

Nagpur

Steel Furniture

203

Maharashtra

Nagpur

Nagpur(Butibori)

Readymade Garments

204

Maharashtra

Nagpur

Nagpur

Handtools

205

Maharashtra

Nagpur

Nagpur

Food Processing

206

Maharashtra

Nanded

Nanded

Dal Mills

207

Maharashtra

Nashik

Malegaon

Powerloom

208

Maharashtra

Nashik

Nashik

Steel Furniture

209

Maharashtra

Pune

Pune

Auto Components

210

Maharashtra

Pune

Pune

Electronic Goods

211

Maharashtra

Pune

Pune

Food Products

212

Maharashtra

Pune

Pune

Readymade Garments

213

Maharashtra

Pune

Pune

Pharmaceuticals- Bulk Drugs

214

Maharashtra

Pune

Pune

Fibre Glass

215

Maharashtra

Ratnagiri

Ratnagiri

Canned & Processed Fish

216

Maharashtra

Sangli

Sangli

M S Rods

217

Maharashtra

Sangli

Madhavanagar

Powerloom

218

Maharashtra

Satara

Satara

Leather Tanning

219

Maharashtra

Sholapur

Sholapur

Powerloom

220

Maharashtra

Sindhudurg

Sindhudurg

Cashew Processing

221

Maharashtra

Sindhudurg

Sindhudurg

Copper Coated Wires

222

Maharashtra

Thane

Bhiwandi

Powerloom

223

Maharashtra

Thane

Kalyan

Confectionery

224

Maharashtra

Thane

Vashind

Chemicals

225

Maharashtra

Thane

Tarapur, Thane-Belapur

Pharmaceuticals- Bulk Drugs

226

Maharashtra

Thane

Thane

Sea Food

227

Maharashtra

Wardha

Wardha

Solvent Oil

228

Maharashtra

Yavatmal

Yavatmal

Dal Mills

229

Madhya Pradesh

Bhopal

Bhopal

Engineering Equipment

230

Madhya Pradesh

Dewas

Dewas

Electrical Goods

231

Madhya Pradesh

East Nimar

Burhanpur

Powerloom

232

Madhya Pradesh

Indore

Indore

Pharmaceuticals-Bulk Drugs

233

Madhya Pradesh

Indore

Indore

Readymade Garments

234

Madhya Pradesh

Indore

Indore

Food Processing

235

Madhya Pradesh

Indore

Pithampur

Auto Components

236

Madhya Pradesh

Jabalpur

Jabalpur

Readymade Garments

237

Madhya Pradesh

Jabalpur

Jabalpur

Powerloom

238

Madhya Pradesh

Ujjain

Ujjain

Powerloom

239

Orissa

Balangir

Balangir

Rice Mills

240

Orissa

Balasore

Balasore

Rice Mills

241

Orissa

Balasore

Balasore

Powerloom

242

Orissa

Cuttack

Cuttack

Rice Mills

243

Orissa

Cuttack

Cuttack

Chemicals & Pharmaceuticals

244

Orissa

Cuttack

Cuttack (Jagatpur)

Engineering & Fabrication

245

Orissa

Cuttack

Cuttack

Spices

246

Orissa

Dhenkanal

Dhenkanal

Powerloom

247

Orissa

Ganjam

Ganjam

Powerloom

248

Orissa

Ganjam

Ganjam

Rice Mills

249

Orissa

Koraput

Koraput

Rice Mills

250

Orissa

Puri

Puri

Rice Mills

251

Orissa

Sambhalpur

Sambhalpur

Rice Mills

252

Punjab

Amritsar

Amritsar

Rice Mills

253

Punjab

Amritsar

Amritsar

Shoddy Yarn

254

Punjab

Amritsar

Amritsar

Powerloom

255

Punjab

Fatehgarh Sahib

Mandi Govindgarh

Steel Re-rolling

256

Punjab

Gurdaspur

Batala

Machine Tools

257

Punjab

Gurdaspur

Batala,Gurdaspur

Rice Mills

258

Punjab

Gurdaspur

Batala

Castings & Forging

259

Punjab

Jalandhar

Jalandhar

Sports Goods

260

Punjab

Jalandhar

Jalandhar

Agricultural Implements

261

Punjab

Jalandhar

Jalandhar

Handtools

262

Punjab

Jalandhar

Jalandhar

Rubber Goods

263

Punjab

Jalandhar

Kartarpur

Wooden Furniture

264

Punjab

Jalandhar

Jalandhar

Leather Tanning

265

Punjab

Jalandhar

Jalandhar

Leather Footwear

266

Punjab

Jalandhar

Jalandhar

Surgical Instruments

267

Punjab

Kapurthala

Kapurthala

Rice Mills

268

Punjab

Kapurthala

Phagwara

Diesel Engines

269

Punjab

Ludhiana

Ludhiana

Auto Components

270

Punjab

Ludhiana

Ludhiana

Bicycle Parts

271

Punjab

Ludhiana

Ludhiana

Hosiery

272

Punjab

Ludhiana

Ludhiana

Sewing M/C Components

273

Punjab

Ludhiana

Ludhiana

Industrial Fastners

274

Punjab

Ludhiana

Ludhiana

Handtools

275

Punjab

Ludhiana

Ludhiana

Machine Tools

276

Punjab

Ludhiana

Ludhiana

Forging

277

Punjab

Ludhiana

Ludhiana

Electroplating

278

Punjab

Moga

Moga

Wheat Threshers

279

Punjab

Patiala

Patiala

Agricultural Implements

280

Punjab

Patiala

Patiala

Cutting Tools

281

Punjab

Sangrur

Sangrur

Rice Mills

282

Rajasthan

Alwar, S. Madhopur, Bharatpur

Alwar, S. Madhopur Bharatpur belt

Oil Mills

283

Rajasthan

Ajmer

Kishangarh

Marbe Slabs

284

Rajasthan

Ajmer

Kishangarh

Powerloom

285

Rajasthan

Alwar

Alwar

Chemicals

286

Rajasthan

Bikaner

Bikaner

Papad Mangodi, Namkin

287

Rajasthan

Bikaner

Bikaner

Plaster of Paris

288

Rajasthan

Dausa

Mahuwa

Sand Stone

289

Rajasthan

Gaganagar

Ganganagar

Food Processing

290

Rajasthan

Jaipur

Jaipur

Gems & Jewellery

291

Rajasthan

Jaipur

Jaipur

Ball Bearing

292

Rajasthan

Jaipur

Jaipur

Electrical Engineering Equipment

293

Rajasthan

Jaipur

Jaipur

Food Products

294

Rajasthan

Jaipur

Jaipur

Garments

295

Rajasthan

Jaipur

Jaipur

Lime

296

Rajasthan

Jaipur

Jaipur

Mechanical Engineering Equipment

297

Rajasthan

Jhalawar

Jhalawar

Marble Slabs

298

Rajasthan

Nagaur

Nagaur

Handtools

299

Rajasthan

Sikar

Shikhawati

Wooden Furniture

300

Rajasthan

Sirohi

Sirohi

Marble Slabs

301

Rajasthan

Udaipur

Udaipur

Marble Slabs

302

Tamil Nadu

Chennai

Chennai

Auto components

303

Tamil Nadu

Chennai

Chennai

Leather Products

304

Tamil Nadu

Chennai

Chennai

Electroplating

305

Tamil Nadu

Coimbatore

Coimbatore

Diesel Engines

306

Tamil Nadu

Coimbatore

Coimbatore

Agricultural Implements

307

Tamil Nadu

Coimbatore

Tirupur

Hosiery

308

Tamil Nadu

Coimbatore

Coimbatore

Machine Tools

309

Tamil Nadu

Coimbatore

Coimbatore

Castings & Forging

310

Tamil Nadu

Coimbatore

Coimbatore, Palladam, Kannam Palayam

Powerloom

311

Tamil Nadu

Coimbatore

Coimbatore

Wet Grinding Machines

312

Tamil Nadu

Erode

Surampatti

Powerloom

313

Tamil Nadu

Karur

Karur

Powerloom

314

Tamil Nadu

Madurai

Madurai

Readymade Garments

315

Tamil Nadu

Madurai

Madurai

Rice Mills

316

Tamil Nadu

Madurai

Madurai

Dal Mills

317

Tamil Nadu

Namakkal

Thiruchengode

Rigs

318

Tamil Nadu

Salem

Salem

Readymade Garments

319

Tamil Nadu

Salem

Salem

Starch & Sago

320

Tamil Nadu

Thanjavur

Thanjavur

Rice Mills

321

Tamil Nadu

Tiruchirappalli

Tiruchirappalli

Engineering Equipment

322

Tamil Nadu

Tiruchirappalli

Tiruchirapalli (Rural)

Artificial Diamonds

323

Tamil Nadu

Tuticorin

Kovilpathi

Safety Matches

324

Tamil Nadu

Vellore

Ambur, Vaniyambadi, Pallar Valley

Leather Tanning

325