Budget impact: Fund flow to MFIs set to improve

The budget for 2011/12, which was tabled in parliament on Monday, proposed to set up a Rs 10 crore equity fund for MFIs and sought to allocate Rs 500 crore to SIDBI to refinance commercial banks’ lending to MSMEs.

March 03, 2011 / 12:06 IST

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The Budget 2011 has proposed to set up a Rs 10 crore equity fund for the microfinance sector, which has witnessed turbulence in the past few months.

The India Microfinance Equity Fund will be administered by the Small Industries Development Bank of India (SIDBI).

The budget for 2011/12, which was tabled in parliament on Monday, also sought to allocate Rs 500 crore to SIDBI to refinance commercial banks

first published: Mar 3, 2011 11:58 am

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Budget impact: Fund flow to MFIs set to improve

The budget for 2011/12, which was tabled in parliament on Monday, proposed to set up a Rs 10 crore equity fund for MFIs and sought to allocate Rs 500 crore to SIDBI to refinance commercial banks’ lending to MSMEs.

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