The SIDBI's direct lending operations would be expanded by increasing the number of branches from 56 to 100 in two years beginning 2006-07. The eligible loan limit under the Credit Guarantee Fund Scheme would be raised to Rs50 lakh.
The credit guarantee cover would be raised from 75 percent to 80 percent for micro enterprises for loans upto Rs5 lakh. he said.
The Minister said that The Central Footwear Training Institute at Chennai and Agra would be further strengthened.
Under the Credit Guarantee Fund Scheme, 80 percent guarantee cover would be provided to micro and small enterprises operated or owned by women.
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