SIDBI Registers 80Pc Growth In Credit Offtake In Kerala

Kochi: Small Industries Development Bank of India (SIDBI) has reported 80 per cent growth in credit disbursement in Kerala in the last fiscal as it disbursed Rs 750 crore for the SME sector in the State against the Rs 479 crore in the previous fiscal. SIDBI said that the Kochi branch, the sole office in the State, has saw the highest-ever disbursement figure and the highest number of fresh addition of accounts to its direct portfolio without having any fresh slippage to NPAs. During the financial year 2007, SIDBI granted Rs 781 crore as against Rs 522 crore in the previous year thus maintaining consistency in the all round growth.