Question : IDBI ASSISTANCE TO INDUSTRIAL HOUSES

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

(a) & (b): Yes, Sir. Total assistance sanctioned and disbursed by Industrial Development Bank of India (IDBI) during the years 1997-98. 1998-99 and 1999-2000 to 15 large industrial houses are as under :

(Rs. in crores)
Year	Amount	Amount	Sanctioned	Disbursed
1997-1998	7595	6560	1998-1999	5054	3833	1999-2000	5533	3909 

(c): Financial Institutions including IDBI while extending loans to projects stipulates certain terms and conditions i.e. rate of interest, repayment period, security creation, personal and corporate guarantee etc. to ensure timely implementation of the projects within the estimated cost and to enable the lenders to monitor the project. Certain project specific conditions are also stipulated.

(d) & (e): Yes, Sir. Some of the big industrial houses financed by IDBI had defaulted in repayment to IDBI for small amounts but as per the practices and usages customary amongst banks and in conformity with the provisions of statutes governing public sector banks and financial institutions as also the provisions of public Financial Institutions (obligation as to Fidelity and Secrecy) Act, 1983, further details relating to individual constituents cannot be divulged.