RBI proposes uniform SSI lending target

The Reserve Bank of India (RBI) is examining a proposal for a uniform target in priority-sector lending for all domestic and foreign banks at 40 per cent of net bank credit (NBC).

New government enjoys economic windfall

The new Congress-led government in India under Manmohan Singh got a boost with exports surging up by almost 20 per cent and infrastructure growth doubling to 9.0 per cent in April, the first month of this fiscal year.

SIDBI focusing on direct finance for SSIs and SMEs

The creation of an exclusive fund for small- and medium-sized enterprises (SMEs) and the outsourcing opportunities available to small-scale industry (SSI) units are expected to provide an impetus to the industries in these sectors, according to a

Reserve Bank of India interest rate decision

With political uncertainty still hovering over the country, the Reserve Bank of India (RBI) yesterday left the bank rate and repo rate unchanged at 6 per cent and 4.5 per cent, respectively.

New banking regulation harsh on India’s SME sector

THE Madurai District Tiny and Small Scale Industries Association (Maditssia) has called for evolving policy initiatives to redress the grievances of small-scale industries (SSI) and sustain the entrepreneurial spirit in India’s small and medium-si

World Bank loan for SME development

The World Bank will extend a US$200 million loan to Small Industries Development Bank of India (Sidibi) by September to enhance credit to small companies.

SEAF to launch US$40 million India fund

US-based venture capital firm Small Enterprise Assistance Funds (SEAF) will make its debut in the Indian market with its SEAF India Equity Growth Fund. The fund totals US$40 million and will be launched in the next couple of months.