SIDBI will get a fresh infusion of £36 Mn from UK’s Department for International Development to fund growth projects in Bihar, Orissa, Uttar Pradesh and Madhya Pradesh.
The fund is expected to be used for developing the skills of rural producers, artisans and will also be used for capacity building of microfinance institutions in North India.
While SIDBI has been appointed the implementing agency for the fund, NABARD and ITC are also expected to take part in the programme.
Transaction Reference: ET
During FY2010, SIDBI's sanctions under its microfinance portfolio increased by 56% to Rs 2,970 Cr (Rs 1,904 Cr in FY09) while disbursements increased by 55% to Rs 2,669 Cr (Rs 1,718 Cr).
As of March-end 2010, SIDBI has an outstanding microfinance portfolio of Rs 3,811 Cr (Rs 2,136 Cr as of March-end 2009).
Last month, SIDBI had tied up with World Bank to receive loan worth $407 Mn to provide funding to MFIs to help scale-up their operations, enhance their financial strength, and enable them to leverage the funds for onward lending.
KVEZAR VIEW
| Date | Type | Buyer | Target | Size ($mn) | State |
| 02/02/12 |
Private Equity |
|
AU Financiers India Private Limited |
- |
Planned |
| 01/02/12 |
Private Equity |
Vontobel Funds Inc |
Kotak Mahindra Bank Limited |
174.39 |
Completed |
| 01/02/12 |
M&A |
Kotak Mahindra Bank Limited |
Credit Card Portfolio |
- |
Completed |
| 01/02/12 |
Private Equity |
Aberdeen Asset Managers Limited |
Housing Development Finance Corporation Limited |
275.47 |
Completed |
Company |
| Name | Promoters | Office | Competitor | Website |
| Small Industries Development Bank of India |
|
SIDBI Tower, 15, Ashok Marg, Lucknow-226 001 |
|
www.sidbi.in |
