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Latest Articles in sidbi

SVC Bank Partners With SIDBI For Empowering MSMEs

The agreement was signed by Ashish Singhal, MD, SVC Bank and Sanjeev Gupta, GM, SIDBI

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SIDBI And ODOP Cell Launch ECDs In 35 DICs Of UP

ECDs have been set-up for enterprise promotion by encouraging aspiring youth to take up entrepreneurship and help them in providing information of MSME related schemes

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SIDBI Provides Rs 600 Cr To Maha Govt Under Cluster Development Fund

An in-principle approval letter was been issued by SIDBI to the government for an amount of Rs 600 crore for reviving and upgrading various ITIs and Polytechnics

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SIDBI Joins Partners With Bihar Government For Development Of MSME Ecosystem In State

SIDBI will be working in close coordination with BIADA to benefit MSMEs who want to set up an industrial unit on the land/plot allotted by BIADA so as to promote industrialization in the State of Bihar.

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SIDBI Signs MoU To Develop MSME Ecosystem In West Bengal

As per the MoU a project management unit (PMU) of SIDBI will work with the state government.

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SIDBI Launches Second Window Of Swavalamban Challenge Fund

The focus of the fund is on innovative projects addressing the green, clean or efficient climate change

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Will Soon Call First Meeting Of Gom Set Up To Review GST Rates: K''taka CM

The Centre has sanctioned GST compensation of Rs 18,000 crore via loan, he said, adding a higher amount was sanctioned as the state GST collection has improved when compared to the last year.

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RBI Issues Master Direction On Loan Transfer

The RBI also issued Master Direction on the securitisation of standard assets to facilitate their repackaging into tradable securities with different risk profiles.

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Microfinance Industry Resilient During Covid With 18% Growth Year-On-Year, Says SIDBI-Equifax Quarterly Publication Microfinance Pulse

The report highlights the impact of Covid-19 on the four geographic zones (North, South, West, East) of the country in terms of disbursals and average ticket sizes.

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SIDBI Launches Swavalamban Challenge Fund To Promote Entrepreneurship Culture In India

SCF shall provide financial support to non-profit organizations/educational institutions/social startups which have focus on sustainable livelihood, financial inclusion, and access to financial services besides promoting the culture of entrepreneurship in the country.

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SIDBI Net Profit Rises 3.6 % To Rs 2,398.28 Cr In FY21

Gross NPAs decreased from Rs 1,040.84 crore as of March 31, 2020 to Rs 282.31 crore as of March 31, 2021, while Net NPA decreased from Rs 658.64 crore to Rs 185.25 crore during the same period.

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GAME Partners With SIDBI To Help MSMEs Revive Biz Amid Pandemic

The broad themes covered under the partnership include expanding credit access, increasing formalisation, building competitive clusters, and improving the legal framework for ease of doing business

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FIDC Seeks Liquidity Support For NBFCs For On-Lending To MSMEs

With the changing economic environment and the associated developments, NBFCs, especially, small and medium sized ones, are facing liquidity crunch.

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Indian Textiles And Apparels Industry Availed Credit Of Rs.1.62 Lakh Crore As Of December 2020: SIDBI-CRIF

The industry observed a quarterly decline in Non-Performing Assets or NPAs (proportion of credit value delinquent by 90+ days) over the last 2 years, from 29.59% in September 2018 to 15.98% in September 2020.

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