SIDBI Current Affairs, GK & News

New Managing Director (MD) of NaBFID

Rajkiran Rai G has been appointed as managing director (MD) for five years. Appointment has been done by Centre and Board of National Bank for Financing Infrastructure & Development (NaBFID). His name was recommended by Financial Services Institutions Bureau (FSIB). On July 30, 2022, Reserve Bank of India (RBI), Development finance institutions (DFI) nomination & remuneration ..

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What are the key schemes for strengthening Pharmaceuticals Industry of India?

On July 21, 2022, Ministry of Chemicals and Fertilisers unveiled three schemes in order to strengthen Micro, Small and Medium Enterprises (MSMEs) in pharmaceutical sector. Schemes were launched under the banner of ‘Strengthening Pharmaceuticals Industry’ (SPI). SIDBI will act as project management consultant to implement the scheme. Three schemes are: Pharmaceutical Technology Upgradation Assistance Scheme ..

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‘Ubharte Sitaare Fund’ to be launched

Finance Minister Nirmala Sitharaman is set to launch an ambitious ‘Ubharte Sitaare Fund’ on August 21, 2021. It will be launched for export-oriented firms and startups. Key Points Ubharte Sitaare fund has been set up jointly by Exim Bank and SIDBI It will be launched in Lucknow. Finance minister will also launch India Exim Bank’s ..

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S Ramann: New Chairman and Managing Director of SIDBI

The Government of India recently appointed S Ramann as the Chairman and Managing Director of Small Industries and Development Bank of India. About the Appointment The appointment is for a period of three years. The name of the new Chairman and Managing Director was recommended by Banks Board Bureau. Banks Board Bureau It is an ..

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PM SVANidhi Scheme: UP secures the top rank

On 26 October, 2020, the Government of India announced that Uttar Pradesh secured the top rank PM SVANidhi Scheme. The state has approved the highest number of loans so far. Highlights Uttar Pradesh government has secured the top ranking in all categories of the PM SVANidhi Scheme. The categories include sanction, applications, disbursements of loans. ..

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Rajasthan Partners with SIDBI to develop MSMEs

Industries Minister Parsadi Lal Meena said that Rajasthan’s Department of Industries and Sidbi partnered on September 12. 2020 to provide financial, technical, marketing and export support to Micro, Small and Medium Enterprises (MSMEs) in the state. Highlights The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with Rajasthan Government. ..

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