Monday, January 15, 2007

Small food processing units to get priority sector lending

Food and agro-based processing units of small and medium size with an investment of upto Rs. 5 crore in plant and machinery would receive the treatment of priority sector lending from banks. The lower lending rate to food processing sector means

  • increased flow of bank credit to the industry,  
  • increase in processing capacity of the country, and
  • facilitate viability of the units in this sector.


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