Buoyed by the opportunity for higher credit deployment in the small and medium enterprise-dominated textile sector, the National Small Industries Corporation (NSIC) may try out a higher funding under the Indo-Italian line of credit focussing the textile SME-exporters, especially the potential export clusters such as Tirupur or Karur.
A high-level official team from the NSIC that recently visited Tirupur textile cluster to study in detail the techno economic viability of the units interested in availing themselves of the Italian line of credit are looking at the scope of operating a higher credit outlay under the Italian credit programme.
At present, NSIC has been operating the Rs 20 crore Indo-Italian line of credit for the benefit of SMEs in eight sectors, which include textile industries also.
