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The portal helps women to start, build and grow their businesses. 

A total of 2952 women have so far benefitted from the portal, out of which, 17 women belong to the State of Odisha. 

An expenditure of Rs 43.52 lakhs was incurred for development of Udyam Sakhi portal. Udyam Sakhi portal was developed by the Institute for Design of Electrical Measuring Instruments (IDEMI), an organization under the Ministry of Micro, Small and Medium Enterprises (MoMSME). 

Disaggregated data on the number of women beneficiaries of Udyam Sakhi portal belonging to SC, ST, OBC, Urban areas and rural areas is not maintained on the portal. 

This information was given by Union Minister for MSME Shri Narayan Rane in a written reply in Lok Sabha today, 16th December 2021.

At the same time, MSMEs slam pvt banks for imposing penal charges, complain to FM Sitharaman.


New Delhi, Dec 18, (UNI) 


Up in arms against private banks for alledgedly imposing penal charges for foreclosure of cash credit line, the leading industry of Micro, Small and Medium Enterprises (MSMEs) has filed a complaint with Finance  Minister, Sitharaman.

Submitting inputs for Union Budget 2022-23,  Federation of Indian Micro and Small Medium Enterprises (FISME) President Animesh Saxena has highlighted the issue facing the small borrowers.

To evade guidelines against imposition of penal charges if an MSME opts for foreclosure of facilities like Cash Credit (CC) limit, a few private sector banks term CC limits as overdraft and impose penalties, said FISME President, Animesh Saxena.

The industry association in a memo to the Finance Minister has said, “The malpractice by private sector banks to term CC limits as overdrafts to evade RBI guidelines for foreclosure need to be stopped and banks perpetrating such practices ought to be penalized.

An industry executive said that few private banks charge penalties ranging from 2 to 4% from MSMEs in violation of code of Bank’s commitment to Micro and Small Enterprises.

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