Small Industries Development Bank of India [SIDBI] has decided to offer 150 bn rupees in help for various business entities presently facing financial difficulties, reports Free Press Journal.
The circular issued by the organization says it will provide loans to the micro, small and medium enterprises through banks, non-banking finance companies, and microfinance institutions.
The circular adds that for microfinance institutions, a company should be registered as society, trust, cooperative society, company, mutual aided co-operative society or non-banking finance company-microfinance company.
