2021
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Question
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Detailed explanation-1: -SIDBI offers Working Capital Assistance, Term Loan Assistance, Foreign Currency Loan, Support against Receivables, equity support, Energy Saving scheme for the MSME sector, etc.
Detailed explanation-2: -The Small Industries Development Bank of India (SIDBI) has entered into a partnership with VFS Capital to extend loans to the MSME sector, the Kolkata-based microfinance institution said. VFS Capital will extend MSME loans upto Rs 5 lakh at 13 per cent interest rate per annum, a top company official said.
Detailed explanation-3: -Earlier, Rajasthan had partnered with SIDBI to develop MSME ecosystem.
Detailed explanation-4: -SIDBI VENTURE CAPITAL LIMITED (SVCL) Since inception, SVCL has continued to provide growth capital to deserving MSMEs across diversified sectors The funds managed by SVCL have been instrumental in generating a valuable growth momentum among key sectors of the economy.