Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Industry News

| More

SIDBI joins hands with TDB to support MSMEs

Posted On: 2023-11-17 21:51:42 (Time Zone: IST)


Small Industries Development Bank of India (SIDBI), the country's Principal Financial Institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSME), has entered into a Memorandum of Understanding (MoU) with Technology Development Board (TDB) with an aim to ease access of credit to MSMEs which are attempting development and commercial application of indigenous technology or adapting imported technology for wider domestic applications.

The MoU was executed by Shri Rahul Priyadarshi, Chief General Manager, SIDBI and Shri Rajesh Jain, Director, TDB.

This MoU is an arrangement for a joint initiative by TDB and SIDBI, to extend financial assistance to eligible MSMEs as per the terms & conditions of TDB & SIDBI. As regards the arrangement with TDB, Shri Rahul Priyadarshi, Chief General Manager, SIDBI said, "SIDBI's emphasis is on strengthening the MSME eco-system and realizing GoI's ideology of "Make In India" and making India "Self-reliant". This arrangement by SIDBI and TDB will support MSMEs with respective core-competencies / expertise, with the common vision of financing MSMEs in India."


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Aegon Life Acquired by Bandhan Financial Holdings

Kerala Technology Expo 2024 aims Kozhikode's rise as tier-2 IT hub

Vinfast Accelerates Into India: Groundbreaking ceremony marks a major milestone in its Global Expansion

SnowPure presents Cow Ghee made from 100% traceable milk

Goa Tourism's Participation at SATTE 2024 To Showcase Innovation in Regenerative Tourism

Center fresh introduces Lemon Honey flavor in mints with 60 mins Clean Breath

79% of Indians worry about Home Safety while on vacation

ReNew announces results for the Third Quarter and Nine Months of Fiscal Year 2024

AirAsia launches its signature Big Sale Campaign from INR0*base fare

Radisson Hotel Group strengthens footprint in Ayodhya with signing of 150-room Radisson Blu Hotel, Ayodhya

Mitsubishi partners with TVS Mobility to provide Integrated Vehicle Mobility solutions in India

International Conference on 'Advantage India Chemical Conclave 2024' to be organised on 23rd February 2024 Mumbai, India

Explurger Secures USD 4.5 Million in Series-A Funding Led by Affle

Blue Planet Boosts Circular Economy with a majority stake in Mahindra Waste to Energy

Tech-enabled pet care startup Supertails raised INR 125 crores in Series B funding

Inflection Point Ventures announces 14 exits from 2023 with IRR of 61%

Consumer Foods Brand 'Yu' raises INR 20 CR in Follow-on Series A Funding led by Ashish Kacholia and Asian Paints Promoter Group

EET Hydrogen to proceed into final negotiations with UK Government to develop low carbon hydrogen plant in Ellesmere

Essar Oil UK rebrands to EET Fuels

Tata Capital rolls out Education Loans, provides 100% financing of academics

Uber India is now Great Place To Work Certified

myBiz by MakeMyTrip announces partnership with Zoho

ReNew refinances US$ 325 Million debt three months ahead of maturity

ICAI Awards for Excellence in Financial Reporting 2022-23

JSW and Coolbrook ink strategic cooperation agreement for industrial electrification technology to drive decarbonisation

Plans for UK's largest hydrogen production hub given green light

Radisson Hotel Group announces the opening of Park Inn by Radisson Ayodhya

Godrej Interio targets 42% revenues from its Good & Green product portfolio in FY24

Essar selects final technology partner for Essar Oil UK's Industrial Carbon Capture facility, onboarding all key technology providers

Serentica Renewables Secures Groundbreaking ECB Financing Worth INR 3500 crores for 530 MW Round-the-Clock Renewable Project in India

NSE inaugurates Investors Service Centre in Madurai with SEBI & BSE

Chennai based Multispecialty Hospital Chain Medway Hospitals raises $5m in a financing round led by Kyra Ventures

Accor Strengthens its Portfolio in India with the Signing of Grand Mercure Jaipur Kukas

UPI for Secondary Market

Tata AIA Flexi Growth Fund NFO window to close on December 31, 2023

Hinduja Renewables wins 140 MW solar power project in GUVNL tender

NABARD Empowers Rural Artisans by Supporting their Participation in Mahalaxmi Saras 2023-24

Air India Express Announces Exciting Sale on Domestic and International Flights

Aavishkaar Capital invests $1.45 Million in Jumps Auto Industries

Essar selects technology partner for Essar Oil UK's Industrial Carbon Capture facility paving way to reduce CO2 emissions by 1 million tons

Waaree Energies, India's Largest Solar Manufacturer To Build 3-Gigawatt Module Manufacturing Facility in Texas and Signed a Landmark Multi-Year Offtake Agreement

The Leela Palaces, Hotels and Resorts wins Best Hotel Group in India

ASICS India on an expansion spree

Swiggy partners with Simpl, Now Bangalore customers can order with 1 Click

Essar Oil and Gas Exploration and Production Ltd signs MoU with IIT Bombay to collaborate for R&D

NSE Celebrates India's First Ever Listing on Social Stock Exchange Segment by SGBS Unnati Foundation

Essar signs 3 MoUs with Gujarat Govt totaling Rs 55,000 Crore in Energy Transition, Power, and Ports Sectors

Niva Bupa Health Insurance Introduces 'Aspire', a product for Young India

Enabling SMEs to run their business more professionally, Tally Solutions launches TallyPrime 4.0

Indian mutual fund industry registers 21% YoY growth in Assets under Management in November 2023


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020