INDUSTRIAL FINANCE-Free Flow

OVER the 25 years of its existence, the Industrial Development Bank of India (IDBl) has played a laudable role in the industrial development of the country. During the nine-month period, July 1988 to March 1989, overall sanctions and disbursements of the bank under various schemes of assistance aggregated Rs 4,746.5 crore and Rs 3,381 crore, recording a growth of 46 per cent and 27.3 per cent, respectively, over the previous corresponding period. Growth in sanctions during this period under the direct finance, refinance and bills financing schemes was 80.7 per cent, 30.6 per cent and 22.5 per cent respectively. The total assistance outstanding at the end of March 1989 was Rs 15,643.9 crore.