SIDBI to set up Growth Fund for SME sector
The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/ equity support to eligible small- and medium-sized enterprises (SMEs).
The Small Industries Development Bank of India (SIDBI) has decided to set up a ‘Growth Fund’ to provide risk capital/ equity support to eligible small- and medium-sized enterprises (SMEs).
The Export Credit Guarantee Corporation of India (ECGC) and National Insurance Company Ltd have decided to unite to provide marine insurance as an 'add on' facility to exporters who opt for ECGC's specific shipment policies for comprehensive risks
With large blue chip companies no longer knocking on banks' doors, bankers today are lending against the receivables of SMEs.
The fixed deposit programme of Canbank Factors, a subsidiary of Canara Bank, is open for investment.
Schemes and features
Allahabad Bank has entered into a bancassurance pact with the Export Credit Guarantee Corporation of India - ECGC Ltd, an export credit insurance company.
Under the pact, the bank will market five insurance products for exporters.
The Hyderabad Software Exporters Association (HYSEA) is setting up a fund with support from state governments, non-resident Indians (NRIs) and venture capitalists to help market the products of its small- and medium-sized enterprises (SMEs) member
Export Credit Guarantee Corporation of India Ltd (ECGC), now beefed up with a higher equity base, has identified factoring services as a key future business growth area for the organisation.
The Kerala Government will give equal importance to the development of the small- and medium-sized enterprises (SMEs) as to other major thrust areas like IT, bio-technology and infrastructure development, Chief Minister A.K.
The Export Credit Guarantee Corporation (ECGC), which offers credit insurance protection to exporters has entered into a bancassurance agreement with Allahabad Bank.
ECGC Ltd is now in discussions with various trade organisations, software exporters as well as Nasscom (National Association of Software Companies) for providing big ticket export credit cover in new and challenging areas such as software exports.