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Mr. T.R.Bajalia, Executive Director (SME) - IDBI speaks about the Bank's focus on the SME sector
Press Release (PressBurner) Aug 08, 2009 - IDBI Bank has been actively engaged in providing a major thrust to financing of SMEs. With a view to improving the credit delivery mechanism and shorten the Turn Around Time (TAT), The bank has recently developed a special business model to serve the SMEs in India.
Check what Mr. TR Bajalia, Executive Director (SME), IDBI speaks about the bank’s focus on the SME sector.
Give us an understanding of the role played by IDBI in the financing of SMEs?
There was a shift in IDBI support to SMEs in 1990 when SIDBI was created. A part of our portfolio, which was the small scale sector, went to that organization. Thereafter IDBI wa not Continued…………
Could you comment on the emphasis the government has laid on the financing of the SME sector?
The government is now focusing more on the SME segment. Almost 95 per cent of the manufacturing facilities are in the SME segment. Then almost 40 per cent of the manufacturing production is coming from the SME segment. Further the sector is providing Continued…………
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