SIDBI has offered Rs 125 crore as debt capital to Ujjivan Financial Services, India’s fourth largest micro finance institution. The investment includes Rs 50 crore of subordinated debt. Samit Ghosh, MD, Ujjivan, said the transaction has opened the doors of sub debt transactions with other MFI’s in future by SIDBI. Bangalore-based Ujjivan has served over 1.5 million urban, semi-urban and rural poor women in 24 states across India. Its outstanding loan portfolio was Rs 1600 crore as on 30 March. N.K. Maini, DMD of SIDBI, said the micro finance secror in India is on a robust footing and SIDBI has been able to foster a culture of responsible lending in the sector, keeping in view the profile of the clients.
