IDBI Plans to Launch Rs 1,000-Crore VC Fund

Date:   Tuesday , March 01, 2011

IDBI plans to launch a Rs 1,000-crore venture capital (VC) fund, aiming at the high growth industries. “The institution had sanctioned Rs 35,000 crore last fiscal and disbursements made were Rs 32,000 crore,” says SIDBI Deputy Managing Director N K Maini. He said target disbursements during the current financial year was Rs 41,000 crore. Maini said SIDBI would shortly launch a new electronic bill discounting platform named N-Trees