The Small Industries Development Bank of India (Sidbi) has earmarked Rs 1,000 crore funds as it enters into co-financing agreements with large public sector banks in a bid to boost credit flows to the small scale sector and infrastructure projects.
Sidbi is also eyeing foreign markets, having been invited by the governments in Eygpt and the Ivory Coast to create similar funding agencies there.
Sidbi deputy managing director N Balasubramanian told the press that the board is favourably considering the proposals.
