The Hindu Business Line : SIDBI opens new branch at Hosur

SIDBI is now focusing on direct finance to SSIs and expanded all its schemes to expand its retail lending activity, the bank said in a news release quoting Mr K.M. Nair, Zonal Chief, SIDBI, Southern Zone. Though the indirect finance could have a good reach, the objective of rural upliftment through direct credit still remains unfulfilled by RRB and SFC model, the release said quoting Mr Jawhar Sircar, Additional Secretary, Small Scale Industries.

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