"sidbi"

While tariffs bring immediate challenges, they also open doors to innovation and capacity building for the MSME sector

Sidbi which refinances SME loans, plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital as it expects to grow assets to Rs 5 lakh crore by March 2024

Hyderabad: Delayed payments are a challenge for MSMEs. Ketan Gaikwad, Managing Director and CEO, Receivables Exchange of India Limited (RXIL) explains to Telangana Today how TReDS platform improves cash flows of sellers or suppliers in the MSME segment. What is RXIL? RXIL is a joint venture between Small Industries Development Bank of India (SIDBI), the […]

Hyderabad: Biliti Electric, which currently operates through an exclusive manufacturing partnership with Hyderabad-based Gayam Motor Works (GMW) for manufacturing its three-wheelers, has announced financial approval from SIDBI for the Taskman Electric three-wheeler autos. The company said that the Small Industries Development Bank of India (SIDBI), has approved to sanction loans to those who are interested […]

Hyderabad: Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small and Medium Enterprises (MSMEs), has entered a Memorandum of Understanding (MoU) with the Government of Telangana to develop the MSME ecosystem in the State. The MoU was signed by D Krishna Bhaskar, director, […]

Hyderabad: Small Industries Development Bank of India (SIDBI) has entered into a collaboration with Google for having a social impact lending programme with financial assistance up to Rs 1 crore at competitive interest rates targeted at micro enterprises, under a Rs 110-crore ($15 million) corpus fund. This corpus fund has been brought as a crisis […]

New Delhi: 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. The broad themes covered under the partnership include expanding credit access, increasing formalisation, building competitive clusters, […]

Government expects the fund to raise up to Rs 3 lakh crore in the next few years

The Bengaluru-headquartered KreditBee in February concluded its Series C equity round worth $75 million (about Rs 545 crore) from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures

Banks need to respond to the ferocity of impending competitive headwinds from NBFCs, including fintech companies

Bank of Baroda has entered into MoU arrangement with SIDBI for a web-based platform namely ‘Asset Restructuring Module for MSMEs

The portal, developed by Sidbi, was launched in April 2016 to extend online financial assistance to the unserved and underserved segment of the society without the need of visiting any bank branch