The Federation of Andhra Pradesh Chamber of Commerce and Industry is organising a two-day conclave and loan mela for the micro, small and medium enterprises in the State from March 9.
Leading lenders in the State, including State Bank of Hyderabad, Andhra bank, SIDBI and Central Bank of India, will be participating in the event.
Apart from bringing the lenders and entrepreneurs on a single platform, the event would also see disbursement of loans to some entrepreneurs. “The event will also help the banks understand the gaps in the loan delivery system and enable them to sharpen their services,’’ Devendra Surana, President of the trade body, said.
He said the event would be organised periodically for better interaction between the industry and the banks.
Andhra Bank, the leading lender in the State, is sharpening its focus on lending to this sector in the ensuing fiscal.
“We will be disbursing about Rs 14,500 crore for the MSME sector across India this fiscal, out of which the MSE segment accounts for Rs 9,400 crore. Lending to this sector has been growing at 30 per cent. But next fiscal we are aiming at a growth of 40 per cent,’’ K.V. Kannan, General Manager of the bank, said.
About 65 per cent of the lending of Andhra Bank is in the State.
State Bank of Hyderabad also intends to come out with new delivery schemes to service the MSME sector better. “Our disbursement to this sector this fiscal has been Rs 12,500 crore, out of which the share of MSE segment is about Rs 10,500 crore,’’ SBH Chief General Manager, said.