RBI has observed that number of sick MSME number is on a rise and so has suggested setting up a rehabilitation fund for all such MSMEs. Promoters did not show interest in such cases and so rehabilitation of sick MSMEs has not been possible previously. But now with RBI mooting to provide support there is hope for sick MSMEs.
The ...
TAGS Tags: Deputy Governor RBI, India Opportunities Venture Fund, K C Chakrabarty, MSE Loan Policy, MSME Credit Availability, MSMEs of India, Non-Discretionary Settlement Scheme, RBI, Rehabilitation Policy, Sick MSME Rehabilitation, Sick MSME Units, Sidbi, Startup SMEs
CATEGORIES Small Business News
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
Cluster Pulse bagged World Bank/SIDBI project to make energy efficient market accessible in Ankleshwar. World Bank supported by Global Environmental Facility (GEF) designed a SME energy efficiency project to be part of GEF Programmatic Framework for India.
The objective of the project is to increase adoption for energy efficiency investments in SME enterprises and to build capacities for accessing ...
Venture Capital Funds Worth 850 Crore Channeled By SIDBI For Extending Support To SMEs
By
Biz2Credit Advisor
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 ...
Small and medium enterprises (SMEs) of Haryana and Punjab have started to focus on energy efficient measures through a number of projects. This is according to a study conducted by National Productivity Council for Bureau of Energy Efficiency (BEE). The body estimates that the energy saving potential of five SME clusters is 89.715 million units (MU) or 3,621 tonnes of ...
