SIDBI targetting MSME lending of Rs 1.40 trillion during current fiscal

In the backdrop of the central government thrust on Micro, Small and Medium Enterprises (MSME) for boosting economic activities and creating millions of jobs, the Small Industries Development Bank of India (SIDBI) is targetting total lending of almost Rs 1.40 trillion during the current fiscal.

This would be a growth of over 30% compared to total advances of Rs 1.09 trillion during 2017-18. 

Besides, the central refinance agency is also working on its roadmap of tapping the large yet 'unquantified' lending in the informal or unorganised sector by facilitating cheaper credit to micro and small units.

"The lending rates are much steeper in