(a) whether the Government propose to set up a branch of Small Industries Development
Bank of India at Madurai in order to promote rapid industrialization in
Southern Tamii Nadu;
(b) if so, the details thereof; and
(c) if not, the reasons therefor?
(a) whether the Government propose to set up a branch of Small Industries Development
Bank of India at Madurai in order to promote rapid industrialization in
Southern Tamii Nadu;
(b) if so, the details thereof; and
(c) if not, the reasons therefor?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL):
(a) and (b) based on the informatioin received from Small Industries Development Bank of
India (SIDBI), there is no immediate proposal to open a separate Branch of SIDBI at Madurai.
(c) SIDBI has its Southern Regional Office at Chennai with two branches at Coimbatore
and Tirpur. Through this network, SIDBI caters to credit needs of SSI and extends refinance
support to Tamil Nadu Industrial Investment Corporatioin (TIIC) and commercial banks in
the entire State of Tamii Nadu.