Sidbi venture to launch new Rs500 crore fund for SMEs


Sidbi Venture Capital Ltd (SVCL) plans to launch a new Rs500 crore venture capital fund to help small- and medium- scale enterprises (SMEs) develop in India.

The fund will be operational from Oct 2004.

The fund will be launched in association with other commercial banks.

The fund will be solely used to finance projects undertaken by SMEs.

Source: Asia Intelligence Wire



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Posted on Oct 12, 2004
Region: India