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The Union Cabinet has approved a Rs 5,000 crore phased equity infusion into SIDBI to strengthen its capital base and expand credit flow to MSMEs. The move is expected to add nearly 25.74 lakh new MSME beneficiaries and generate an estimated 1.12 crore jobs by 2027–28.

Cabinet clears Rs 5,000 crore equity infusion for SIDBI; credit boost for MSMEs, 1.12 crore jobs expected

The funding is for implementing Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses, as per an official statement.

Sidbi project gets USD 215.6 million funding from Green Climate Fund 

The investment was made via the Neev II Fund, managed by SBICAP Ventures which is a State Bank of India (SBI) group company.&nbsp;

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In the round, existing investors also participated, the company said in a press release today, May 15.

DrinkPrime raises $3 million funding from SIDBI Venture Capital, others

The Homestay Entrepreneurship Training programme, started in April and extended to May, aims to provide training to around 150 homestay owners in hospitality and eco-friendly practices, the company said in a statement.

EaseMyTrip partners with SIDBI, UTDB to train homestay owners along Chardham Yatra route 

The Financial Services Institutions Bureau (FSIB) interviewed 21 candidates on April 9 and April 10, the Bureau said in a statement.

FSIB selects IFCI MD Manoj Mittal as SIDBI head, Sanjay Shukla for NHB MD

The rest is held by other Public Sector Banks (PSBs) and institutions.&nbsp;He said the loan book of the entity is close to Rs 5 lakh crore and expressed hope to close the financial year at around Rs 5.2 lakh crore.

SIDBI plans to raise Rs 5,000 crore via rights issue next financial year

As a part of its business strategy, SIDBI is using digital technology and partnerships to directly reach out to micro enterprises and will explore offering its credit products through the DLAI members.

SIDBI signs pact with DLAI to boost fintech sector Mumbai

Sidbi lends up to Rs 7.5 crore to eligible MSMEs without charging processing fees by taking 25 per cent margin money as security under our new credit scheme in partnership with Tata Power to promote energy efficient and green business operations.

Sidbi offers 100% funding for MSME green projects 

The central government owns 20.8 per cent in Sidbi, while State Bank of India holds 15.65 per cent and Life Insurance Corporation 13.33 per cent. The rest of the equity is held by other public financial institutions and banks. The shareholders will subscribe to the proposed rights issue.

Sidbi to raise Rs 10,000 crore from rights issue next fiscal 

The investment from SIDBI will help expand their existing operations and make progress in developing a smart ventilator solution for a global market.

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LC Nueva Alternate Investment Fund has raised Rs 50 crore from the Small Industries Development Bank of India (SIDBI), the company announced on Monday.

LC Nueva AIF raises Rs 50 crore from SIDBI

State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs.

SIDBI signs pact with HDFC Bank to offer financial solutions to MSMEs

The state-owned financial institution had reported a net profit of Rs 2,398.28 crore in the previous fiscal.

Sidbi net profit slips 18% to Rs 1,958 crore in FY22

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

Startup Corner: 8 entities to test fintech products for MSME lending under RBI's regulatory sandbox

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.

Small Industries Development Bank of India signs MoU with West Bengal SIDCL

"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&nbsp;said in a release.

SIDBI acquires 7.84 percent stake in public digital infrastructure platform ONDC for Rs 10 crore

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 joins hands with Meghalaya government to develop MSME ecosystem

SIDBI signs MoU to develop MSME ecosystem in West Bengal

Sidbi on&nbsp;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, Google tie-up to support MSMEs

sidbi

The Union Cabinet has approved a Rs 5,000 crore phased equity infusion into SIDBI to strengthen its capital base and expand credit flow to MSMEs. The move is expected to add nearly 25.74 lakh new MSME beneficiaries and generate an estimated 1.12 crore jobs by 2027–28.

The funding is for implementing Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses, as per an official statement.

The investment was made via the Neev II Fund, managed by SBICAP Ventures which is a State Bank of India (SBI) group company. 

In the round, existing investors also participated, the company said in a press release today, May 15.

The Homestay Entrepreneurship Training programme, started in April and extended to May, aims to provide training to around 150 homestay owners in hospitality and eco-friendly practices, the company said in a statement.

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SIdbi

Cabinet clears Rs 5,000 crore equity infusion for SIDBI; credit boost for MSMEs, 1.12 crore jobs expected

Sidbi project gets USD 215.6 million funding from Green Climate Fund

SBICAP Ventures invests in climate-tech firm Solinas to boost sanitation efforts

DrinkPrime raises $3 million funding from SIDBI Venture Capital, others

EaseMyTrip partners with SIDBI, UTDB to train homestay owners along Chardham Yatra route

FSIB selects IFCI MD Manoj Mittal as SIDBI head, Sanjay Shukla for NHB MD

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