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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.
SIDBI joins hand with Incuspaze to push co-working chain in India
Wed, Jun 12, 2019
SIDBI announced its collaboration with Incuspaze to support entrepreneurship by providing MSEs and startups a well-equipped and well-managed space to meet their office requirements.
Big boost to MSMEs: Get Rs 1 crore loan approval in 59 minutes, Rs 2 crore without collateral
Wed, Sep 26, 2018
The Union government on Wednesday launched a new initiative to transform the MSME credit space.
MSEs biz sentiment improves in Jan-Mar: CriSidEx Survey
Wed, May 09, 2018
Business sentiment among micro and small enterprises (MSE) improved in the January-March quarter as the sentiment index rose by 14 points in the quarter, according to the CriSidEx survey. The CriSidEx sentiment index rose to 121 in the survey quarter (SQ) of January-March from 107 in the previous quarter, according to an official release.
MSME sector is backbone of the economy, says FM Jaitley
Sat, Feb 03, 2018
The benefit of CriSidEx is that its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies.
Nirmala Sitharaman signals start-ups may get tax benefits in Budget 2017
Mon, Jan 16, 2017
Commerce and Industry Minister Nirmala Sitharaman on Monday indicated that start-ups may get additional tax benefits in the forthcoming budget, to be unveiled on February 1.