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CGTMSE aims to ensure collateral-free credit for MSEs: Manish Sinha

In this interview with Rakesh Rao, Manish Sinha, CEO, Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), explains how CGTMSE is proactively working on facilitating finance and capacity-building for micro and small enterprises.Read more

Will revised MSME classification solve their funding puzzle?

Only 14 per cent of credit needs of Micro, Small and Medium Enterprises (MSMEs) - the backbone of India's economy - are met through formal channels. The revised MSME classification may mark a pivotal shift in how India supports and enables its small business ecosystem, says Rakesh RaoRead more

SIDBI and AFD, France sign $100 million agreement to enhance green finance

The partnership is designed to support sustainable growth and facilitate the transition to a low-carbon economy. Read more

Manoj Mittal appointed as Chairman and Managing Director of Sidbi

Mittal brings over 33 years of experience in the financial services sector to this role. Read more

SIDBI to create $1 billion green financing fund with $215 million aid from GCF

The GCF, an entity established by the United Nations Framework Convention on Climate Change (UNFCCC), approved a $200 million loan and a $15.6 million grant for capacity building to support SIDBI’s initiative.Read more

CDIIC, SIDBI partner to boost Coimbatore startups with Rs 2 cr funding

The Codissia Defence Innovation and Atal Incubation Centre (CDIIC) has entered into a funding agreement with the Small Industries Development Bank of India (SIDBI) to support startups incubated at its Coimbatore facility.Read more

SIDBI offers 100% financing for MSMEs' Green Energy Projects

SIDBI is prepared to extend loans with 100% coverage, offering interest rates as low as 7-8%, contingent upon the credit ratings of the applicants.Read more

Tata Power Solar, SIDBI sign MoU to offer easy financing to MSMEs for solar adoption

MoU signed in the presence of Union Minister of State for Finance, Dr Bhagwat Karad at the Global SME Finance Forum 2023, Mumbai.Read more

SIDBI aims for 25% MSME lending share, plans equity boost and green fund

Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more

Greening Enterprise Eco system, SIDBIs dedicates Mission 50K-EV4ECO

Small Industries Development Bank of India (SIDBI) with the aim to strengthen the EV ecosystem, launched Mission 50K-EV4ECO which will unlock the market by providing better financing terms for electric two- wheeler, three-wheeler, and four-wheeler (2W, 3W and 4W) vehicles purchase. Read more

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