SIDBI and Federal Bank Join Hands to Boost MSME Financing
| Summary/Static | Details |
|---|---|
| Why in the news? | SIDBI and Federal Bank Partner to Strengthen MSME Financing |
| MoU Signed Between | SIDBI and Federal Bank |
| Purpose | Strengthen MSME financing |
| Financial Services | Project finance, machinery finance, working capital support, loans against property |
| Joint Initiative | Both institutions to co-lend for MSME credit expansion |
| Government Support | PM Modi reaffirmed MSME importance in India's growth |
| Key MSME Initiatives | Revised MSME definition in 2020, export credit schemes, tackling non-tariff barriers |