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Sidbi net profit slips 18% to Rs 1,958 crore in FY22
Tue, Jun 28, 2022
The state-owned financial institution had reported a net profit of Rs 2,398.28 crore in the previous fiscal.
Startup Corner: 8 entities to test fintech products for MSME lending under RBI's regulatory sandbox
Wed, Jun 08, 2022
Eight entities, including SIDBI, have been allowed to test their fintech products for MSME lending as part of the third cohort under RBI's regulatory sandbox scheme
Small Industries Development Bank of India signs MoU with West Bengal SIDCL
Sat, Apr 23, 2022
The MoU was exchanged by Nikhil Nirmal, MD of WBSIDCL,and Sudatta Mandal, deputy managing director, SIDBI, in the presence of H K Dwivedi, chief secretary of the West Bengal, during the MSME sectoral session of Bengal Global Business Summit (BGBS), held in Kolkata on April 21, 2022.
SIDBI acquires 7.84 percent stake in public digital infrastructure platform ONDC for Rs 10 crore
Fri, Mar 25, 2022
"SIDBI, the apex Financial Institution for financing and development of MSMEs in the country, has acquired 7.84 percent stake in the open public digital infrastructure framework entity named Open Network for Digital Commerce (ONDC) through an investment of Rs 10 crore," SIDBI said in a release.
SIDBI joins hands with Meghalaya government to develop MSME ecosystem
Fri, Mar 25, 2022
SIDBI has entered into a Memorandum of Understanding (MoU) with the Meghalaya Infrastructure Development and Finance Corporation Ltd (MiDFC) to develop the MSME ecosystem in the state, SIDBI said in a release.
SIDBI signs MoU to develop MSME ecosystem in West Bengal
Sat, Dec 25, 2021
SIDBI has signed a memorandum of understanding with the government of West Bengal to develop the MSME ecosystem in the state, a SIDBI official said on Friday. As per the MoU a project management unit (PMU) of SIDBI will work with the state government.
Sidbi, Google tie-up to support MSMEs
Thu, Nov 18, 2021
Sidbi on Thursday said it has entered into a partnership with Google India Pvt Ltd (GIPL) for piloting a social impact lending programme with financial assistance up to Rs 1 crore at competitive interest rates to MSMEs
SIDBI to provide project-specific loan to Assam govt for upgrading MSME clusters
Wed, Sep 15, 2021
SIDBI will provide project-specific loans to the Assam government for upgrading micro, small and medium enterprise (MSME) clusters in the state, according to a statement.
Small Business - SIDBI sanctions Rs 524 cr for upgradation of MSMEs in Tamil Nadu
Sun, Aug 29, 2021
The funds would be utilized to execute projects including setting up of precision engineering cluster in Kancheepuram, e-vehicle component cluster in Coimbatore, a medical equipment industrial park in Oragadam near Chennai among others
SIDBI net profit rises 3.6 pc to Rs 2,398.28 cr in FY21
Fri, Jul 16, 2021
Small Industries Development Bank of India (SIDBI) has reported a net profit of Rs 2,398.28 crore in fiscal ended March 2021. The results were declared at the 23rd Annual General Meeting of SIDBI.
SMALL BUSINESS: GAME partners with SIDBI to help MSMEs revive biz amid pandemic
Sun, Jun 27, 2021
The Global Alliance for Mass Entrepreneurship (GAME) and the Small Industries Development Bank of India (SIDBI) have signed a pact to help micro, small and medium enterprises (MSMEs) address their challenges that were accentuated during the pandemic
BENEFIT! Sidbi urges this to MSMEs - What small business owners should know
Wed, Jun 09, 2021
Recently, the Reserve Bank has provided a special liquidity facility of Rs 16,000 crore to Sidbi to support micro, small and medium enterprise (MSME) hit by the coronavirus.
SIDBI invites bids from consultants to help set up Rs 20,000 cr NaBFID
Sun, Jun 06, 2021
SIDBI on behalf of the government has floated Request for Proposal (RFP) inviting bids from consultants to help set up Rs 20,000 crore DFI called National Bank for Financing Infrastructure and Development (NaBFID) to catalyse investment in fund-starved infrastructure sector
MSME Loan: SIDBI is offering this working capital loan; scheme available for limited period
Tue, Sep 22, 2020
SIDBI or Small Industries Development Bank of India is offering direct loan facilities to MSME as part of Emergency Credit Line Guarantee Scheme (ECLGS), the objective of which is to provide much needed relief to MSMEs, whose operations have been impacted because of the ongoing COVID-19 pandemic
Guj signs MoU with SIDBI to help MSMEs amid outbreak downturn
Wed, Sep 16, 2020
The Gujarat government on Tuesday signed an MoU with the Small Industries Development Bank of India (SIDBI) to increase self-reliance and provide capacity building and market support to the state's 35 lakh micro-small-medium enterprises (MSMEs)
MSMEs alert! SIDBI, TransUnion CIBIL launch this program for micro, small and medium enterprises
Thu, Jul 30, 2020
A comprehensive financial education and knowledge platform for micro, small and medium enterprises (MSMEs) has been launched by the Small Industries Development Bank of India (SIDBI) in association with TransUnion CIBIL.
MSMEs alert! Good news - Fund to support free onboarding is here from SIDBI
Mon, Jun 29, 2020
In a good news for micro, small and medium enterprises (MSMEs), Small Industries Development Bank of India (Sidbi) has confirmed that it has set up a fund.
COVID-19: NBFCs ask RBI for one-time restructuring of all loans till Mar 2021
Tue, May 05, 2020
Last month, RBI had asked banks and NBFCs to maintain provisions of up to 10 per cent on all accounts that are at least 1 day past due and where a moratorium has been granted. The provision will be spread over two quarters - March, 2020 and June, 2020.
Sidbi to provide loans up to Rs 50 lakh to MSEs manufacturing medical supplies to fight COVID-19
Fri, Mar 27, 2020
The situation in which the country is going through right now, we felt that there is a need to immediately support and encourage those MSEs that are helping the nation fight the menace, Sidbi chairman and managing director Mohammad Mustafa, said in a statement
MSMEs, start-ups, women entrepreneurs looking for funds? GeM, SIDBI to help
Fri, Aug 30, 2019
GeM and SIDBI will take steps to ensure payments within a guaranteed time frame to sellers, enhance working capital availability through bill discounting and control NPAs through control of end use, a government statement stated.