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This is an archive article published on December 15, 2009

SIDBI disburses Rs 1,500 cr to 10 banks up to Dec 1

The government said Small Industries Development Bank of India (SIDBI) has disbursed Rs 1,500 crore up to December 1 2009,to 10 banks for on-lending to micro/unorganised enterprises.

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The government said Small Industries Development Bank of India (SIDBI) has disbursed Rs 1,500 crore up to December 1 2009,to 10 banks for on-lending to micro/unorganised enterprises.

“SIDBI has set up a special cell for providing re-finance to banks for further on-lending to micro/unorganised sector,” Minister of State (Independent Charge) Dinsha Patel said in a written reply in the Lok Sabha.

In a separate reply,Patel said the share of micro and small enterprises (MSE) in the total exports of the country during the year 2007-08 is estimated to be 30.80 per cent.

He added that the targets set for the 11th Plan for the MSE sector provide for increasing the production (at current price) and employment from Rs 6,82,613 crore and 322.28 lakh persons in 2007-08 to Rs 13,98,803 crore and 391.73 lakh persons in the terminal year (2011-12) of the Plan period,respectively.

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