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|April 12, 2001||
IDBI banks on dream factory
The IDBI executive committee recently approved a proposal for financing films.
The initiative is a consequence of the Union finance ministry's directive of a year ago, stipulating that movies could be considered an industry.
The salient features of the proposal are:
IDBI is currently in the process of setting up a separate cell dedicated to film financing. At the outset, IDBI has decided to restrict its portfolio size to Rs 100 crore and 20 films.
The scheme is expected to be operational within a month or two.
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