The International Finance Corporation (IFC) , the private sector financial arm of World Bank is planning to make equity investments of $20 million in 'Pragati India Fund'. The 'Pragati India Fund' is a SME focused fund meant to help companies operating in under-developed and low-income states of India. The states are like Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa and Uttar ...

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NABARD has estimated the credit potential of Micro, Small and Medium Enterprise (MSMEs) sector in Tamil Nadu to be Rs 14,032.35 Crore in 2012-13. Credit flow in the State of Tamil Nadu has steadily increased over years. This becomes evident from Ground Level Credit (GLC) was Rs 8,260.98 crore in 2008-09 and increased to Rs 9,437.08 crore in 2009-10. The ...

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Andhra farmers are going to receive loans after Chief Minister, Mr N. Kiran Kumar Reddy requested banks to step up lending during Rabi season. In the 176th State Level Bankers Committee meeting, Reddy said that banks will have to repeat their performance as in 2010-11 when their advances crossed the target by more than 18 percent. As of Sept 30th, ...

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Small Business Development Bank of India (SIDBI) is planning to launch venture capital (VC) funds that amounts to 850 crore in this fiscal for extending support to small and medium enterprises. The funds are going to be great support for the buoyant domestic market of SMEs. Last year the SME market has seen 11% growth. VC funds are going to ...

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Indian Institute of Entrepreneurship (IIE), a government organization under the MSME ministry has concentrated into developing handloom cluster in Mangalore area of Haridwar district. This new initiative is under an integrated handloom development scheme in Uttarakhand. Under the new scheme, the IIE has involved experts and is making use of software technology to improve on design and skills of weavers. The ...

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