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Providing better access to finance for SMEs in India : new bank project addresses financing constraints with innovative tools (Inglês)

The World Bank's Board approved on November 30, 2004 a loan to the Small Industries Development Bank of India (SIDBI), backed by a Government of India guarantee. The loan, which is the first Bank financial sector loan to India since the early 1990s, finances the India Small and Medium Enterprises (SME) Financing and Development Project. The objective of the Project is to improve SME access to finance and business development services, thereby fostering SME growth, competitiveness and employment creation, which are key to achieving the Government of India's overall objectives of economic growth and poverty reduction.

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