Small Industries Development of Bank of India (Sidbi) disbursed Rs 11,300 crore to the small scale industry (SSI) sector during April-December. This presents 9.71% increase over the disbursement of Rs 10,300 crore in the previous fiscal year. The bank expects a substantial additional lending in the last quarter of this fiscal.
But, small- and medium-sized enterprises fund (SME fund) set up by the government with a corpus of Rs 10,000 crore has disbursed Rs 1,150 crore in April-December, out of Rs 2,250 crore sanctioned for the current fiscal. Net outstanding credit given by all banks, excluding Sidbi, stood at Rs 71,000 crore at the end of the previous fiscal. Net outstanding credit of public sector banks for the same period ending was Rs 58,278 crore.
