Hotline: 1800 102 2007
X
Search Business Opportunities
2012-07-07

SIDBI plans for factoring services to SMEs

SIDBI, the premier financial institution for SMEs, is now looking to expand beyond its normal operations of financing SMEs. The bank is now looking to assist SMEs with the factoring services or receivable management.

SIDBI, the premier financial institution for SMEs, is now looking to expand beyond its normal operations of financing SMEs. The bank is now looking to assist SMEs with the factoring services or receivable management.

Apart from this the SIDBI (amendment) Bill, 2012, has already been tabled in the parliament. The bill seeks to empower SIDBI in helping MSMEs with the funds through risk capital, factoring, venture capital, loans.

The bank is also looking to operate pool finances for MSMEs having a larger fund apart from providing direct finance through its VC arm. SIDBI will have equity exposure of up to 20 per cent in the start-up firms and growth-stage firms across the sectors.

It has also planned some credit facilitation centres across industrial clusters in the country. Five of which are being planned in Gujarat with two in Ahmedabad at Gujarat Chamber of Commerce and Industry and Gujarat State Small Industries Federation.

According to N K Maini, Deputy Managing Director, there are as of now few players, providing factoring services in India including Canbank Factors, a subsidiary of Canara Bank, SBI arm SBI Factors and IFCI Factors.

Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: Established in the year 1956 at Fatehpuri Delhi, Giani..
    Locations looking for expansion New Delhi
    Establishment year 1956
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 80 sq ft-300 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi New Delhi
  • Others Food Service
    An up market Panwaadi joint inviting FranchiseePanwaadi, a venture of..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Furniture/Home Decor & Furnishing
    About Us: ▪ The innovative and creative business concept of ''Paint-Lib''..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Beauty Salons
    About Us: Cut & style is one of the finest and..
    Locations looking for expansion New Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
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