Jan 23
The Union Cabinet, led by PM Shri. Narendra Modi, has granted approval for an equity support of Rs.5,000 crore to Small Industries Developme
Cabinet Approves ₹5,000 Cr Equity Support to SIDBI
The Union Cabinet has approved a ₹5,000 crore equity infusion into the Small Industries Development Bank of India (SIDBI) to strengthen its capital base and expand lending capacity. This strategic move aims to improve credit availability for MSMEs, support startups and small enterprises, promote entrepreneurship, and accelerate economic growth. The phased funding will help SIDBI enhance financial inclusion, create employment opportunities, and reinforce India’s MSME ecosystem.
