British government's funding arm DFID would provide an assistance of 230 million pound (about Rs 2,400 crore) in the form of loans for providing finance to the SME sector in West Bengal.
UK minister of state for energy, climate change and business engagement with India, Greg Barker, who called on the state industry and finance minister Amit Mitra at Nabanna today, told reporters that the money would be routed through institutions like SIDBI and nationalised banks which in turn would extend funds to the SME sector.
Barker, who visited the metropolis with British Prime Minister David Cameron in November 2013, said that there were visible changes happening in the city and state.
"It is nice to see that positive changes are taking place. The West Bengal government is also supportive in nature," he said.
