Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-10-07

SIDBI extends financial support to BANDHAN worth Rs 350 crore

In a significant step towards bringing in financial relief to poor women, Small Industries Development Bank of India (SIDBI) has provided a credit worth Rs 350 crore to one of India’s largest microfin

In a significant step towards bringing in financial relief to poor women, Small Industries Development Bank of India (SIDBI) has provided a credit worth Rs 350 crore to one of India’s largest microfinance institution (MFI) in terms of portfolio size, Bandhan.

Earlier this week, the MFI has received funds worth Rs 150 crore as part of the first installment from SIDBI and the rest of the amount will be transferred by the end of the financial year 2010-11. This is one of the largest credit provided by SIDBI to Bandhan.  In the past in 2009 and 2008, SIDBI provided fund worth Rs 250 crore and 100 crore respectively.

The initiative taken by SIDBI is a part of its efforts taken to provide financial support and assistance to MFI’s and as well as ensure healthy development of the credit structure in the country.

Related opportunities
  • Mobile Application Services
    About Us: Rubix 108 Technologies , is a unique combination of..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Pune Maharashtra
  • Casual dine Restaurants
    About Us: MOETS has been the pioneer in establishing the Restaurant..
    Locations looking for expansion Haryana
    Establishment year 1998
    Franchising Launch Date 2016
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurgaon Haryana
  • E-Commerce & Related
    Business Details Nihar Info Global Limited offers their Nihar eCenter System..
    Locations looking for expansion Telangana
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Imagine yourself having a tried and tested winning formula in..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2008
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts