Union Minister Nirmala Sitharaman launched a national program to boost financial access for Micro, Small, and Medium Enterprises (MSMEs).
It has been organized jointly by the Department of Financial Services (DFS), the Ministry of Finance, the Government of India, and the Small Industries Development Bank of India (SIDBI).
The main aim of the program is to ensure access to financial services and promote the growth of Micro, Small and Medium Enterprises (MSMEs).
The Union Finance Minister also virtually inaugurated six new SIDBI branches in Karnataka.
SIDBI signed a Memorandum of Understanding (MoU) with the Peenya Industries Association to support MSMEs through capacity building, credit facilities, and knowledge-sharing.
The Union Finance Minister also distributed sanction letters to 11 MSME customers of SIDBI, aggregating to Rs. 25.75 crore.
