TDB and SIDBI Join Hands to Boost MSMEs

  • The Technology Development Board (TDB) and the Small Industries Development Bank of India (SIDBI) have formalized a Memorandum of Understanding (MoU).
  • To facilitate easier access to credit for enterprises engaged in the development and commercial application of indigenous or imported technology.
  • TDB and SIDBI shall refer additional funding needs of companies they have previously funded to each other.
  • Will also provide financial support to eligible MSMEs.
  • Also planning joint outreach/marketing activities to promote the initiative and reach a wider audience.
Posted in Current Affairs.