Page-4 of SIDBI Current Affairs, GK & News

SIDBI, CSC SPV ink MoU to provide financial support to village level entrepreneurs

Small Industries Development Bank of India (SIDBI) and Common Service Centres (CSC) Special Purpose Vehicle (SPV) signed MoU for providing financial support village level entrepreneurs in CSCs. Through the MoU, SIDBI will extend financial support to VLEs of CSCs, with minimum one year of operation, under its Direct Financing Window. Key Facts Through the MoU, both ..

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SIDBI celebrates its foundation day

The Small Industries Development Bank of India (SIDBI) celebrated its foundation day this year on April 2, 2018. The day was celebrated as day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate). Several initiatives were launched on this occasion. They are MSME contact programme; Samridhhi, a virtual assistant; revamped SIDBI website (www.sidbi.in) and ..

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CriSidEx: CRISIL, SIDBI launches India’s first MSE Sentiment Index

The SIDBI (Small Industries Development Bank of India) and ratings agency Crisil have launched CriSidEx, India’s first MSE Sentiment Index for micro, small and medium enterprises (MSMEs). The index will help to indicate the current state and expected outlook on the MSME sector every quarter. CriSidEx CRISIL-SIDBI MSE Sentiment Index (or CriSidEx) has been developed ..

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SIDBI inks MoU with SAARC Development Fund

The Small Industries Development Bank of India (SIDBI) has inked MoU with SAARC Development Fund (SDF) for mutual cooperation and collaboration. The MoU was signed by SIDBI Deputy Managing Director A K Kapur and SDF CEO Sunil Motiwal. MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian MSMEs on risk ..

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Union Cabinet approves creation of a Credit Guarantee Fund for MUDRA loans

The Union Cabinet has approved creation of a Credit Guarantee Fund (CGF) for Micro Units Development Refinance Agency (MUDRA) loans. The CGF is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance. Features of scheme Credit Guarantee Fund for MUDRA Units (CGFMU) will guarantee ..

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