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India : Sidbi Asks Banks To Lend At 3% To Textile Sector
2003-2-25 8:55:00
Small Industries Development Bank of India (Sidbi) has recommended that other financial institutions (FIs) and banks follow the Chinese example of providing assistance at 3 per cent interest for technology upgradation in the textile industry. At present, FIs reimburse 5 per cent interest subsidy on loans advanced to textile mills, including jute, under the Technology Upgradation Fund Scheme (TUFS).
 
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