Indian SMEs have become more organized now than they used to be a decade earlier. They have started to get rated from credible credit agencies. Steps have been taken by SMEs toward this end. CRISIL started rating SMEs in 2005 and attained a milestone for successfully rating 25,000th SMEs.
The 25000 rating is indicative of the combined collaborative approach adopted by ...
An Export Marketing Fund is all set to be launched with a corpus of Rs 1,000 crore. A parliamentary panel has pitched the fund to support MSME sector. The Rs 1,000 crore corpus fund will help MSMEs grow and subsidize marketing efforts.
Parliamentary Standing Committee on Commerce demanded the extension of interest rate subsidy up-to 2 percent for the handicraft, handloom, ...
IFC Gives $20 Million To Pragati India Fund, Makes Commitments For Other Organizations In India Too
By
Biz2Credit Advisor
International Finance Corporation (IFC) invested $20 million in Pragati India Fund. It is a Delhi based investment firm that makes funds available to SMEs in several states such as Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan and West Bengal.
These low income states cannot attract private investments and are ignored for perception issues. Till date there has been not a single ...
TAGS Tags: Ambit Pragma Fund II, Forum Synergies (India) PE Fund, Global Infrastructure Fund, IFC, India, Indian SMEs, International Finance Corporation, Investment Firm, Investments in SMEs, Pragati India Fund, Private Equity Capital, Smaller Enterprises, SME funds, SMEs, Zephyr Peacock India Fund III
CATEGORIES Building Credit
Out of the total bank credit, lending to MSME sector rose to 15.1 percent in March 2011. In year ending March 2010, bank lending remained at 13.4 percent. Total outstanding credit to the MSME sector rose to Rs 3.76 lakh crore from Rs 2.78 lakh crore in March 2011. This is according to the releases of Reserve Bank of India.
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TAGS Tags: Economic Survey 2010-11, Fourth All India Census of MSMEs, MSME sector, MSME Sector Credit, Total Bank Credit
CATEGORIES Credit Reports
Small Industries Development Bank of India (Sidbi) is making plans to raise Rs 10,000 crore from various domestic and foreign development institutions in this financial year. Senior officials of SIDBI say that the Bank’s borrowing from foreign institutions has gone up.
Bank’s borrowing from foreign institutions has hiked because the cost of funds in domestic market is ...
TAGS Tags: current fiscal, domestic development institution, domestic market funds, foreign development institutions, foreign institutions, India Opportunity Fund, RBI’s policy rates, Sidbi, Sidbi10000 crore, Small Industries Development Bank of India, Venture Capital fund
CATEGORIES Building Credit
