MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S.PALANIMANICKAM)
(a): The Government has taken several measures for effective delivery of micro credit,
including to small farmers and small and medium enterprises.The Micro Finance
Development Fund with NABARD has been redesignated as Micro Finance
Development and Equity Fund, and its corpus has been increased from
Rs.100 crore to Rs.200 crore. An Advisory Board, consisting of representatives of
National Bank for Agriculture and Rural Development (NABARD), Reserve Bank
of India (RBI), Commercial Banks and professionals with domain knowledge, has been
constituted to manage the fund. Guidelines have been issued allowing NGO-MFIs
to access External Commercial Borrowings.Further, a policy package for stepping up
credit to small and medium enterprises has been announced by the Government on
August 10, 2005, inter-alia, including doubling of credit to these enterprises over a
period of five years.
(b): NABARD and Small Industries Development Bank of India(SIDBI) are the nodal
institutions for providing credit to agriculture and small and medium enterprises,
respectively.
(c) : The data management information system does not generate the information in
respect of loans given to small farmers and medium enterprises, especially through
micro credit.However, State-wise details of credit given to Small Scale Industries by
Public Sector Banks for the year March 2003 and March 2004 is at Amnexure.