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Financial Support State Bank of India provides liberalised credit to Small Scale Industries ( SSI ). This is linked to genuine requirements . No collateral is required upto Rs,5 lakhs. Composite term loans including working capital are given upto Rs.25 lakhs. Small Industries Development Bank of India (SIDBI) was established in April 1990 under an Act of Indian Parliament as a wholly-owned subsidiary of Industrial Development Bank of India. SIDBI has since completed 8 years of service to the small scale sector. As at March 31, 1998, SIDBI had a total staff strength of 861 comprising of 685 professionals and 176 support staff. SIDBI's statute provides that it should serve as the principal financial institution for: Promotion Financing and Development of industry in the small scale sector and Co-ordinating the functions of other institutions engaged in similar activities. Financial Assistance to Small Scale Units: Delhi Financial Corporation (DFC). For existing borrowers. Maximum limit upto Rs 150 lakhs over and above the term loan sanctioned by DFC subject to a maximum exposure of Rs. 240 lakhs. In partnership and proprietary units the maximum limit of loan shall be Rs. 90 lakhs including existing exposure of DFC. |
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