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 t
Citibank has bought out portfolios of over Rs 1,000 crore in the last 14 months from non-banking financial companies (NBFCs) in a bid to boost its asset base of transportation funding.
THE Small Industries Development Bank of India (SIDBI) will shortly make available a $40 million support fund for small enterprises, according to Mr P.B. Nimbalkar, Chairman, SIDBI.
The forthcoming Budget should address the two main problems of the small-scale sector, namely, the high cost of funds and the poor infra-structure, the Confederation of Southern Small Industries Association (Conssia) has said.
Bearing in mind the current decline in the interest rate levels, the fixed deposit programme of Canbank Factors, a subsidiary of Canara Bank, appears to be a good option for investors.
A high level meeting in the Planning Commission today on the flow of credit to the small scale sector decided to work on various proposals that would remove the current hurdles in such units seeking institutional finance.
Declaration of the Vallarpadam and Puthuvypeen areas as special economic zones will reduce the cost of the proposed trans-shipment terminal by at least Rs 300 crore by way of exemption from Customs and Excise duties and income-tax, according to Mr
THE export scenario for the domestic small and medium sector is on an upswing for the next six months.
Canbank Factors Limited, an Indian factoring company, has released its 11th annual report for the year ended 31 March 2002.
ICRA, an investment information and credit rating agency, has assigned an A1+ rating to the Rs 100-crore commercial paper programme of Global Trade Finance (GTF), an export factoring and forfaiting agency.
