Syndicate Bank on Friday announced the reduction of credit rates on mortgages, SSI and SME lending, consumer credit and loans to women entrepreneurs ranging from 0.25 percent to 1.50 percent as of February 18, 2008. Interest rates on housing loans has been increased by 25 basis points for loans up to 20 lakh case

To increase the power of granting credits to small businesses and SMEs, the Bank has decided to reduce interest rates by 25 basis points to 1 percent depending on the credit rating of customers. To encourage women entrepreneurs, interest rates were increased by 1 percent on loans of the Bank under the “Mahila Synd-regime. Syndicate Bank has also reduced its interest rate of 1.50 percent for consumer credit (both personal loans and consumer durable goods) on a salary of class, the salary is credited to the bank account .

KOLKATA: Credit Rating, it is easier for small and medium enterprises (SMEs), access to bank financing. To improve the situation, as their image of exporters, the Observatory for SMEs studies, under the aegis of the Indian Institute of Foreign Trade (IIFT), plans for setting up a trade notation for them.

K Rangarajan, head of the Center for the Study of SMEs, and said: “The average value of their trade is in two ways. Armed with the assessment, they are in a better position to reduce the export potential buyers from overseas. Met also focus on its credit rating with the Bank for the financing of exports are bound. ”

The value of exports of a small business on the basis of a manuscript that, in all likelihood, the name of “consistency of the establishment of export” (ECI), work is underway, on which the center. To be recognized in the world of ECI regarding alignment with the index competitive exports, developed by the International Trade Centre (ITC). Geneva is the seat of the ITC of the technical cooperation agency of the United Nations Conference on Trade and Development (UNCTAD) and WTO. The Agency, which provides, among other things, training programmes for SMEs, to help them strengthen and improve the Export-Import operations.

While the model of ITC, maintenance would be commensurate with the development of early intervention for Indian SMEs, “said Rangarajan. The rating for each trading SMEs, as part of ECI index is calculated on the basis of four key parameters compatibility - finance and commerce and social marketing activities.

In order to continue to enhance the competitiveness of SMEs is the center of planning to the implementation of the ITC approved the content of the course in their training programme. For these discussions, it is now of the International Agency for the promotion of SMEs, of course, a particular on SMEs’ compatibility with WTO standards.

The centre offers a range of services for SMEs, to help them increase their capacity. Based on his own research on the conditions and requirements specific to the sector for SMEs, it instructs on the management and operation