To this end, for instance, we provided banks with unlimited liquidity against an expanded list of collateral, while prolonging the maturity of our refinancing operations up to 1 year. From the very beginning, we have made clear that our enhanced credit support measures would be temporary in nature and remain in place only as long as needed.
The SIDBI has also encouraged the growth of the venture capital industry for hi-tech SME units in India by promoting 13 State / regional level funds and setting up an all India Venture Fund.