SIDBI ties up with UCO Bank for funding resources
30 Jun 2005
Kolkata: The Small Industries Development Bank of India (SIDBI), which expects to have a direct credit exposure of Rs5,000 crore by end-March 2006, is planning to raise substantial funds over the next few months.
While the bank has already tied up $120 million, courtesy the World Bank, additional resources have also been finalised through the Department for International Development (DFID) of the UK.
SIDBI, which has now signed an MoU with UCO Bank to increase the flow of credit to SMEs, and has decided to forge similar arrangements with a couple of other banks, officials said.
The Indian Bank and the Oriental Bank will soon join the Bank of India (BOI) and the UCO Bank, as the entities that it has already tied up with.
Latest articles
Featured articles

Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.

The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES

Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.

As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.

The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)

The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.

Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!

COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.

What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
Business History Videos

History of hovercraft Part 3...
By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...
By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...
By Kiron Kasbekar | Presenter: Kiron Kasbekar
