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2013-07-31

SIDBI expects 10% growth in loan disbursement in current fiscal

Small Industries Development Bank of India (SIDBI) on Tuesday said it expects a 10 percent growth in its loan disbursement during the current fiscal at Rs 44,000 crore.

Small Industries Development Bank of India (SIDBI) on Tuesday said it expects a 10 percent growth in its loan disbursement during the current fiscal at Rs 44,000 crore.

 

In 2012-13, the financial institution providing loans to MSMEs directly and indirectly had disbursed Rs 40,000 crore.

 

Last year, SIDBI had identified four niche areas risk capital, receivable financing, financing services sector and sustainable financing - where MSMEs need support.
    

MSME contributes over 36 percent to the country's total exports and 45 percent to the manufacturing output.

 

The sector employs about 60 million people and contributes 8 percent to the country's GDP.

 

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