• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi , Feb. 11

SMALL Industries Development Bank of India (SIDBI) is setting up a second national level fund — SIDBI Growth Fund - with a corpus of Rs 100 crore. This fund would focus on small units of various industries including software and IT industries.

The corpus of "SIDBI Growth Fund" is proposed to be raised to Rs 500 crore in due course, an official release said here on Friday.

SIDBI has already established a national fund for software and IT industry with a committed corpus of Rs 100 crore.

Advances by the public sector banks to software industries in SSI sector, having credit limit up to Rs 1 crore, increased to Rs 401.13 crore during 2003-04 as compared to Rs 162.19 crore during 2002-03.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
How ready is RBI for Basel-II transition?

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line