new delhi bank lending to small and medium enterprises smes will be doubled in five years to rs 135000 crore and viable smes will be allowed debt restructuring in a major financial package aimed at putting small businesses at the cutting edge of global competitiveness there will also be a onetime debt settlement scheme for small industries which have defaulted on bank loansfinance minister p chidambaram on wednesday presented in parliament the policy package for smes envisaging a minimum 20 annual growth in credit flow to them doubling the loans to the sector by 200910 from rs 67000 crore last fiscalthe reserve bank of india rbi will issue guidelines for restructuring the debts of viable smes on the lines of the corporate debt revamp scheme made available for big companiesnot only will there be higher flow of credit to smes the package also seeks to lower the cost of borrowings by introducing a transparent credit rating system rating of smes will will enable banks to charge interest according to the credit worthiness of the company