EFY Times  
Friday, August 29, 2014

 
GO
 
 

Software Tool From SIDBI For SME Financing
 
Home >> Infotech >> Product Launch
 
Software Tool From SIDBI For SME Financing  
 
SIDBI offers a separate Web-based version of CART to extend the software to other banks and financial institutions.   
Rate this news:  (0 Votes)
Thursday, December 07, 2006 New Delhi: The Small Industries Development Bank of India (SIDBI) has released Credit Appraisal and Rating Tool (CART), a software tool for enabling quick appraisal and rating of SME credit proposals in an automated workflow environment to be used by banks and other lending institutions.





The CART software, developed by SIDBI, has been in operation for past three years and has contributed to significant reduction in credit dispensation time in the bank. With a view to extending CART to other banks and financial institutions, SIDBI has developed a separate Web-based version of the software.

As a measure to boost credit flow to the small scale industries, the Reserve Bank of India (RBI), in its Credit Policy prescription in 2005, had envisaged leveraging the expertise of SIDBI in assessing credit requirements of SSI by the branches of commercial banks, by using CART for appraisal and rating of proposals.

CART has two menu-driven modules for appraisal and rating. The appraisal module covers analysis of all the relevant aspects of a credit proposal viz. management, financials, industry, market, KYC norms, etc. These are presented in a user friendly manner, guiding the Credit Officers working in a bank through the entire process in a technology based package.

CART essentially aims at helping in prudent decision making on support-worthiness of credit proposals and pricing of the loan. The software also has the facility for undertaking re-rating of proposals. The new CART, which is IT platform independent, is expected to consider loan proposals up to Rs 1 crore.

Rakesh Rewari, DMD, SIDBI, expressed hope that commercial banks, as also State Financial Corporations, would use CART business tool for providing assistance to their SME clients, which would in turn, speed up the credit flow to this important sector of the economy.



Print Email Post Comment 
(Total Views: 2218)
 
Share

 
 
Infotech News
   
10 Reasons To Know About Java Virtualisation
LG Launches Classic Designed Smartwatch
YuppTV Launches ‘Manorama News’ And Entertainment Based ‘Mazhavil Manorama’ For International Viewers!!!
Unisys Expands Desktop Virtualization Offerings With New Cloud-Based Desktop As A Service Solution
HCL Partners With AppDynamics To Enable Digital IT Operations For Enterprises
 
 
 
     
     
     
     
     
     
Most popular
 

Daily

TI Brings 16-Bit ADC Precision Performance To Industrial Control Applications With New Single-Core C2000 Delfino F2837xS Microcontrollers
NetTraveler Gets A Makeover For 10th Anniversary
Toshiba Launches Multi-function ARM Cortex-M0-Core-Based Microcontroller With Low Pin Count
KLA-Tencor Introduces Key Systems For 5D Patterning Control Solution
Electrolux Joins Allseen Alliance To Enable Seamlessly Connected Appliances
GSMA Announces First Speakers For Mobile 360 Series-Africa
Research And Markets: Global Fluoropolymer Market 2014-2018: Asahi Glass Co, Daikin Industries, Ltd, DuPont & Solvay S.A Lead The Market
TI Introduces First Fully Integrated Mono, Class-D Audio Amplifier For eCall, Instrument Cluster And Telematics
Dongbu HiTek Streamlines Touch Control For Smart Phones
Full Compliance With Military Temperature Specification Planned For Altera 20nm FPGA And SoC Devices
 
   

Weekly

Overall

Features
10 Reasons To Know About Java Virtualisation
Java platforms need virtualisation for better performance. But if you know the reasons behind it, it gets more exciting for you....
This Is How You Can Understand Load Average For Your Linux System
A number, which looks meaningless at first instance, can actually help you in understanding the performance level of your CPU....
Generate Random Names And Phone Numbers Using PowerShell
Now creating a list of random names and phone numbers is just a matter of steps away....
5 Reasons Why You Should Advance You Programming Skills!
Dreaming to become a better developer? We are here to tell you why you need to inspire yourself to become the best one....
Here's How You Can Become A Skilled Software Architect!
Dave Hendricksen’s book, 12 More Essential Skills for Software Architects, and its “Technology Innovation” mantra, will not disappoint you certainly....
10 Tips To Use Gmail At Its Best
If you are a Gmail user then you should always know what are those additional features which you are missing upon. Get to know them here....
Top 10 C++ Libraries For You
If you want to improve your functionality in C++ language, then these libraries will be of great help....
10 Best Free Cloud Drives For You
Options have never seen a dearth when it comes to cloud drive services. But sometimes it gets difficult to choose from them....
10 Must-Know Facts Of Red Hat Enterprise Linux 7
Being not a very simple OS, there are so many things which you should know prior to using the new RHEL 7....
8 Awesome Tips For Budding Programmers!
Programming is not very tough, once you know the right skills how to reach your goal....
6 Reasons Why You Should Use FreeBSD Over Linux!!
The Unix-like OS, FreeBSD, is superior to Linux for several reasons. Check out the reasons here....
Top 10 Best Tutorials On Magento
You are dreaming of becoming a web development professional and want to learn Magento CMS by heart? Herds of books and tutorials are available to help...
5 Best YouTube Downloaders For You
Are you a prolific video downloader? Then, get the most handy downloaders that come for free....
18 Most Well-Paid Jobs in Google
Are you thinking to make a career in Google? Here are some of the best options which you can bank upon sincerely....
15 Less-Known CSS Tools You Would Love To Apply
Move on from your basics, like Firebug and Web Developer, and try something new with the following tips....
 
  View All
Dialogue
 
10 Questions That Google Never Asks While Hiring!
Here is a list of 10 questions that Google just banned from their interviews....
For Enjay, Open Source Technology Is A Way Of Life
An entirely open source-based company, Enjay IT Solutions, has built itself a reputation in the OSS domain....
Switching To Tizen Doesn’t Mean We Are Abandoning Android: Samsung
The company has worked to build Tizen up from scratch and has now introduced it to developers and the general public with its latest range of wearable...
Venturing Into The Cloud? Develop A Customised Cloud Strategy First!
Diksha P Gupta speaks to Rushikesh Jadhav, cloud evangelist, ESDS Software Solution Pvt Ltd, on how the cloud has changed the way compan...
HTC Is Strong And There Are No Plans Of Sale Now Or In Future, Says HTC's Senior Director-Marketing
Atithya Amaresh from EFYTimes had an exclusive chat with Sirpa H. Ikola, senior director, Marketing, South Asia, HTC about its devices and its plans w...
   
  View All
Videos
 
First Look: LG Optimus G
The phone sports a high-end display and comes powered by a powerful processor. ...
Create QR-Codes For Free
TEC-IT releases the freeware QR-Code Studio to provide a quick and convenient way of QR code creation for every application scenario....
DoT Secretary Shares Plans For Growth Of Telecom Sector
M.F. Farooqui has recently taken charge as secretary, Department of Telecom....
Hands-On: Sony Xperia Z
Xperia Z is Sony's first entrant model in the big-screen smartphone category. ...
Hands On: Videocon A30 Smartphone
Videocon, the consumer electronics company which is known for its refrigerators, washing machine and air-conditioner has unveiled its Android-based sm...
   
View All
   
 
MWC 2014
 
MWC 2014: Tablet Lets People Feel Textures On Its Screen
Now feel what you see on your tablet, by way of ultrasonic waves....
MWC 2014: 4K Android Tablet Games To Kill Consoles, iPad
Tablet makers like Samsung want to beat the iPad by making 4K tabs. ...
MWC 2014: This Vodafone Backpack Helps Get Network In Disaster Situations
Two engineers of Vodafone New Zealand displayed the "mini" mobile network by Vodafone substructure in a backpack. ...
MWC 2014: Wilocity Chipset To Bring 'Lightening' Speed To Mobile Phones
Wilocity has developed a WiGig chipset for mobile phones that will bring lightning-fast wireless capability ...
MWC 2014: Samsung Introduces Octacore, Hexacore Chipsets
The Korean giant, Samsung unveiled two new octacore and hexacore chipsets at MWC 2014, in Barcelona. The company previously used Exynos 5 Octa 5410 ch...
MWC 2014: Alcatel Unveils PIXI 7 Tablet With Android 4.4
Alcatel arrived at the MWC 2014 with yet another low cost Android tablet, priced at $110 ...
MWC 2014: LG F70 Unveiled With Android 4.4
LG announced the new LTE-enabled Android smartphone, LG F70, at MWC 2014 in Barcelona. ...
   
View All
   
 
Events
 
19th Consumer Electronic Imaging Fair To Be Held On ...

View All
   
   
 
 

home archives contact us advertise with us
           
Magazines Portals Directories Events News Verticals Educational Institute  
Electronics for You
Open Source for You
Electronics Bazaar
electronicsforu.com
efytimes.com
opensourceforu.com
electronicsb2b.com
Electronics Annual Guide
EFY EXPO INDIA
EFY EXPO WEST
ELECTRONICS ROCKS
EFY Awards
OSIDAYS Expo
Electronics
Infotech
Linux & Open Source
Consumer Electronics
Science & Technology
BPO
EFY Techcenter 

Educational Kits
Kitsnspares.com
 
 
© Copyright 2014 EFY Enterprises Pvt. Ltd.
All rights reserved. Reproduction in whole or in part in any form or medium without written permission is prohibited.
Usage of the content from the web site is subject to Terms and Conditions