Cabinet approves equity support to Small Industries Bank of India
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the equity support of Rs 5,000 crore to Small Industries Development Bank of India (SIDBI).
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the equity support of Rs 5,000 crore to Small Industries Development Bank of India (SIDBI).
Small Industries Development Bank of India (SIDBI) and AFD, France have signed a $100 million credit facility agreement to scale up green finance solutions for Indian micro, small, and medium enterprises (MSMEs), according to a SIDBI statement issued on Wednesday.
IIM Raipur and SIDBI have launched the SWAVALAMBAN STEM program, an 18-month advanced certificate course designed to equip 30 early-stage entrepreneurs with practical skills and mentorship.
In this regard, he presided over the exchange of an MoU between Small Industries Development Bank of India (SIDBI) and Pharmaceuticals and Medical Devices Bureau of India (PMBI).
Chief Minister Ashok Gehlot's government has taken several measures like MSME Act, 2019 while Mukhyamantri Laghu Udyog Protsahan Yojana has already been initiated to provide effective support to the MSMEs and this MoU with SIDBI would increase awareness of growth and business opportunities amongst the MSME units in Rajasthan.
As per the MoU terms, SIDBI will implement the PM SVANidhi Scheme under the guidance of MoHUA.
Union Commerce Minister Nirmala Sitharaman on Monday said startups should also explore the option of banks for their funding requirements,…
