With a view to enlarge its foot print in delivery of products and services in MSME eco-system, a series of digital initiatives involving various portals such as sidbi.in, startupmitra.in, cgtmse.in, mudra.org.in and udyamimitra.in has been launched by SIDBI in the recent past. ESDS is proud to be associated with these initiatives…
Small Industries Development Bank of India (SIDBI) set up on 2nd April 1990 under an Act of Indian Parliament, acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities.
Stand-Up India scheme aims at promoting entrepreneurship among women and scheduled castes and tribes. The scheme is anchored by Department of Financial Services (DFS), Ministry of Finance, Government of India. It facilitates bank loans between Rs 10 lakh and Rs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one-woman borrower per bank branch for setting up a greenfield enterprise.
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme for providing loans up to 10 lakh to non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal.
Availability of bank credit without the hassles of collaterals/third party guarantees is a major source of support to the first generation entrepreneurs to realize their dream of setting up a unit of their own Micro and Small Enterprise. Keeping this objective in view, MSME ministry launched Credit Guarantee Scheme to strengthen credit delivery system and facilitate flow of credit to MSE sector. To operationalize the scheme, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
SIDBI Udyami mitra is an enabling platform which leverages IT architecture of Stand-Up Mitra portal and aims at instilling ease of access to MSMEs financial and non-financial service needs. The portal, as a virtual market place, endeavors to provide ‘End to End’ solutions not only for credit delivery but also for the host of Credit-plus services by way of hand holding support, application tracking and multiple interface with stakeholders.