SIDBI allocates Rs 5000 cr to help MSMes

BANGALORE, INDIA: The Small Industries Development Bank of India ( Sidbi) has set up the Rs 5,000 cr India Opportunity Venture Fund in order to provide equity along with risk capital to MSMEs.

This move is sure to boost entrepreneurship and entrepreneurs across India and will enable them to innovate better. Even budding entrepreneurs can derive maximum benefit from the scheme.

SIDBI will also set up various Credit Facilitation centers all over India in a  bid to provide one-stop shops for budding entrepreneurs. Through this, SMEs, entrepreneurs and MSMEs will be provided assistance on Business Ideas, Project Report Preparation, Finances, Government schemes, and other related details.

Thus, SIDBI sure deserves appreciation for coming out with a lot of MSME friendly initiatives.