Over 12 lakh MSEs benefited from Refinance Fund: Govt

Over 12 lakh micro and small enterprises have benefited from the Rs 20,097 crore disbursed under MSME Refinance Fund routed through SIDBI since 2009-10.
"A total of 12,02,273 MSEs have benefited under the Scheme since inception till 2013-14," MSME Minister Kalraj Mishra said in a written reply to the Rajya Sabha.
In the state of undivided Andhra Pradesh, about 8,000 MSEs benefited under the scheme during 2013-14, he added.
In order to help micro and small enterprises (MSEs) to tide over the global and domestic slowdown, the government starting from Union Budget 2009-10 has been making available fund support to Small Industries Development Bank of India (SIDBI) for enhancing refinancing capability for the benefit of the MSE sector.

This has been provided through fund allocation by Reserve Bank to SIDBI out of shortfall of priority sector lending.
SIDBI has as on March 31, 2014 disbursed Rs 20,097 crore to banks/financial institutions, which has infused loan disbursement of Rs 38,147 crore into the MSE sector benefiting around 12 lakh viable and deserving MSEs.