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SIDBI launches MSME Economic Activity Index – Sumpoorn in collaboration with Jocata

SIDBI has launched MSME Economic Activity Index – Sumpoorn in collaboration with Jocata. It is a high-frequency indicator that will capture the state of India's growth engine, its MSMEs....

14-day Rail Yatra promoting G20 Summit message commences from Mumbai

A 14-day Rail Yatra with 450 participants, including 70 from the G20 nations, aimed at spreading the message of the recently-concluded G20 Summit in New Delhi, commenced on Saturday from the city....

SIDBI Announced New Financing Solution For Electric Vehicle Space

The Small Industries Development Bank of India has announced the commencement of a pilot programme to improve electric vehicle financing terms and boost the ecosystem as a whole. The Small Industries Development Bank of India (SIDBI) said in a statement that ...

SIDBI Joins Hands With Meghalaya Govt, To Develop MSME Ecosystem

The Small Industries Development Bank of India (SIDBI) has joined hands with the Meghalaya government to develop an ecosystem for small and medium businesses. SIDBI has entered into a Memorandum of Understanding (MoU) with the Meghalaya Infrastructure Development and ...

Microfinance Industry's Outstanding Portfolio Up 2 Percent To Rs 2,26,000 Crore In September Quarter

The outstanding portfolio of the microfinance industry registered a 2 per cent quarter-and-quarter growth to around Rs 2,26,000 crore as of September 2021, says a report. The same stood at Rs 2,22,060 crore during the three months ended June ...

Sidbi, Google Tie Up To Support MSMEs

Small Industries Development Bank of India (Sidbi) 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 ...

SIDBI Net Profit Rises 3.6% to Rs 2,398.28 Cr in FY21

SIDBI has reported a net profit of Rs 2,398.28 crore in fiscal ended March 2021, up by 3.6 per cent from a year ago. It had posted a net profit of Rs 2,315 crore in previous fiscal year. The results were ...

COVID-19 Relief: SIDBI Announces Liquidity Support Scheme For MSMEs

The Small Industries Development Bank of India (SIDBI) has launched a liquidity support scheme for micro, small and medium enterprises (MSMEs) that have been impacted by the COVID-19 pandemic. The governmental institution for the development of small scale industries said that ...

What is Small Industries Development Bank of India?

India is an agriculture-based country. Majority of the population living in the rural areas depend on agriculture for a living. For a nation to progress, apart from agriculture, development of small-scale, medium scale and large scale industry is also essential. This ...

Sidbi, Crisil To Launch India's First Sentiment Index

Sidbi and Crisil today joined hands to launch sentiment index for micro, small and medium enterprises (MSME), which will indicate the current state and expected outlook on the sector every quarter. The index, named as CriSidEx, is expected to provide crucial ...

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