SIDBI given Rs 5,000 crore to refinance receivables of MSEs: RBI

The Reserve Bank of India (RBI) will provide refinance of Rs. 5,000 crore to the Small Industries Development Bank of India (SIDBI) for direct liquidity support for finance receivables to micro and small industries (MSEs), by SIDBI or selected intermediaries like banks, NBFCs and state finance corporations. The refinance will be available against receivables, including export receivables, outstanding as on November 14, 2013 on wards.