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    HomeNewsBusinessCompaniesSIDBI to disburse Rs 1k cr to MFI sector this fiscal

    SIDBI to disburse Rs 1k cr to MFI sector this fiscal

    Small Industries Development Bank of India (SIDBI) plans to disburse around Rs 1,000 crore in credit to microfinance institutions (MFIs) during 2011-12, which is 19% more than the loaned amount last fiscal.

    August 06, 2011 / 14:19 IST

    Small Industries Development Bank of India (SIDBI) plans to disburse around Rs 1,000 crore in credit to microfinance institutions (MFIs) during 2011-12, which is 19% more than the loaned amount last fiscal.


    "We are not shying away from lending to MFI sector in the recent time. Rather, we do have a target of disbursing around Rs 1,000 crore of loan in the current fiscal against Rs 840 crore of advances last fiscal," SIDBI Deputy Managing Director N K Maini told reporters on the sidelines of a seminar on
    first published: Aug 5, 2011 07:37 pm

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