Cabinet approves Rs 5,000cr equity infusion for Sidbi
Cabinet approves Rs 5,000cr equity infusion for Sidbi
The Union cabinet has approved Rs 5,000 crore in equity support for Sidbi to boost credit flow to small businesses. This infusion, spread over three years, aims to enable Sidbi to offer competitive loans to MSMEs. The initiative is projected to create 1.1 crore jobs and add 25.7 lakh new MSME beneficiaries by 2027-28.
The Union cabinet has approved Rs 5,000 crore in equity support for Sidbi to boost credit flow to small businesses. This infusion, spread over three years, aims to enable Sidbi to offer competitive loans to MSMEs. The initiative is projected to create 1.1 crore jobs and add 25.7 lakh new MSME beneficiaries by 2027-28.
The Union cabinet has approved Rs 5,000 crore in equity support for Sidbi to boost credit flow to small businesses. This infusion, spread over three years, aims to enable Sidbi to offer competitive loans to MSMEs. The initiative is projected to create 1.1 crore jobs and add 25.7 lakh new MSME beneficiaries by 2027-28. 
