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Latest Developments

13/09/24: Shri Sudatta Mandal, DMD, SIDBI, inaugurated the Patiala Branch office in Punjab and conducted the "Sarthak Samwad" with Entrepreneurs and various industry association office bearers. On the occasion sanction letters aggregating Rs. 5.21 crores were also handed over to 6 entrepreneurs of Patiala and nearby areas.

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22/08/24: Shri M Nagaraju, Secretary, DFS, in the presence of Smt Nirmala Sitharaman, Hon'ble Finance Minister and Shri Jitan Ram Manjhi, Hon'ble Minister of MSME, addressed that boosting lending to MSMEs is a major focus of DFS, and to support this goal, the performance of banks is being closely monitored. This event was held in the presence of Shri Manoj Mittal, CMD, SIDBI.

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22/08/24: Smt. Nirmala Sitharaman, Hon'ble Finance Minister, along with Shri Jitan Ram Manjhi, Minister of Micro, Small and Medium Enterprises, visited the SIDBI branch office in Udaipur, Rajasthan. During the visit, they interacted with officials and handed over loan sanction letters to beneficiaries. The event was held in the presence of Shri M. Nagaraju, Secretary, Department of Financial Services, Government of India accompanied by Shri Manoj Mittal, CMD, SIDBI.

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30/07/24: SIDBI has signed an agreement with C2FO Factoring Solutions Private Limited 'C2treds' to onboard as a financier on the 'C2treds' TReDS platform. This collaboration aims to facilitate working capital financing against trade receivables for Micro, Small, and Medium Enterprises (MSMEs). The agreement was formalized in the presence of Shri Prakash Kumar, Deputy Managing Director, SIDBI; Mr. Alexander C. Kemper, Founder and CEO of C2FO Global Operations; Shri Ravi Tyagi, Chief General Manager, SIDBI; and Ms. Basant Kaur, Country Head, C2FO India.

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20/06/24: SIDBI, in collaboration with the Ministry of Micro, Small, and Medium Enterprises (MoMSME), held a seminar on the MSE-GIFT and MSE-SPICE schemes under the World Bank's RAMP Project in New Delhi. Shri Ateesh Kumar Singh, Joint Secretary, MoMSME, welcomed the attendees, and Shri Prakash Kumar, Deputy Managing Director, SIDBI, delivered the keynote address, outlining SIDBI's climate initiatives and alignment with national targets. The event, attended by over 200 participants from various financial institutions and industry bodies, included an interactive feedback session, 'MSME Swar', featuring insights from industry leaders on accelerating green practices.

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