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September 4, 2026
ED arrests ex-panchayat CEO who allotted govt funds for fake marriages during COVID lockdown
September 4, 2026
Goyal blames market conditions for Jet Airways' downfall; ED says he 'bled airline to death'
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Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
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Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
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Loans by SIDBI.

August 26, 2011

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Press Information Bureau

Government of India

Ministry of Finance

26-August-2011 17:20 IST

Loans by SIDBI

Small Industrial Development Bank of India (SIDBI), set up in 1990 under an Act of Parliament, is the principal financial institution for the promotion, financing and development of industry in the Micro, Small and Medium Enterprises (MSME) sector and to co-ordinate the functions of the institutions engaged thereof. The details of credit disbursement by SIDBI to the MSME sector for the last three Financial Year and current Financial Year are given below:

Financial Year

Total (Rs. Crore)

2008-09

28298

2009-10

31918

2010-11

38796

2011-12 (April-June)

8257

            Since its inception, SIDBI has been providing refinance / indirect finance support to Primary Lending Institutions (PLIs). Its channelization of refinance provided much needed liquidity support to banks during the period of recent global financial crisis when liquidity had dried up in the system. All loans of SIDBI, both direct and indirect, are given to MSMEs.

            This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Lok Sabha.

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