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2010-05-19

EXIM Bank to Fund SMEs

The SMEs to get access to capital from the EXIM bank of India.

EXIM Bank to Fund SMEs

 

The eligible small and medium enterprises (SMEs) will get access to capital from the Export Import Bank of India (EXIM).The EXIM bank has decided to provide funds to eligible SMEs across the country.

 

The EXIM bank would raise US 100 million dollars from the Asian Development Bank (ADB) to meet the financial requirement of the SMEs.

 

People in the industry feel that with the financial channel being provided by the EXIM bank the Indian SMEs can implement their capacity expansion and development plans.

 

The initiative to raise 150 million dollars from the European investment bank (EIB) to support entrepreneurs was undertake by the EXIM bank. This was to support the entrepreneurs who were undertaking eco-friendly projects and were making efforts to lessen green house gas emissions.

 

The EXIM bank had also raised capital to the tune of USD 200 million through five year bonds from the EURO dollar market.

 

 

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