Question : INTEREST RATE SCHEME OF IDBI



(a) whether IDBI has introduced the floating interest rate scheme;

(b) if so, the detailsthereof;

(c) whether IDBI has also decided to launch six schemes;

(d) if so, the details thereof;

(e) whether there is any proposal to amend IDBI Act; and

(f) if so, the details thereof and the reasons therefor?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL) :

(a) to (d) Industrial Deveiopment Bank of India (IDBI) has reported that IDBI is considering introduction of `Floating Interest Rate Scheme` details of which are being worked out by IDBI. IDBI is aiso considering launch of some new schemes which are currently under preparation.

(e) and (f) There is no proposal to amend the IDBI Act under consideration of the Government at present.