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SIdbi

Sidbi project gets USD 215.6 million funding from Green Climate Fund

Sidbi project gets USD 215.6 million funding from Green Climate Fund

Mon, Jul 22, 2024

The funding is for implementing Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses, as per an official statement.

SBICAP Ventures invests in climate-tech firm Solinas to boost sanitation efforts

SBICAP Ventures invests in climate-tech firm Solinas to boost sanitation efforts

Tue, May 28, 2024

The investment was made via the Neev II Fund, managed by SBICAP Ventures which is a State Bank of India (SBI) group company.

DrinkPrime raises $3 million funding from SIDBI Venture Capital, others

DrinkPrime raises $3 million funding from SIDBI Venture Capital, others

Wed, May 15, 2024

In the round, existing investors also participated, the company said in a press release today, May 15.

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EaseMyTrip partners with SIDBI, UTDB to train homestay owners along Chardham Yatra route

EaseMyTrip partners with SIDBI, UTDB to train homestay owners along Chardham Yatra route

Tue, May 14, 2024

The Homestay Entrepreneurship Training programme, started in April and extended to May, aims to provide training to around 150 homestay owners in hospitality and eco-friendly practices, the company said in a statement.

FSIB selects IFCI MD Manoj Mittal as SIDBI head, Sanjay Shukla for NHB MD

FSIB selects IFCI MD Manoj Mittal as SIDBI head, Sanjay Shukla for NHB MD

Thu, Apr 11, 2024

The Financial Services Institutions Bureau (FSIB) interviewed 21 candidates on April 9 and April 10, the Bureau said in a statement.

SIDBI plans to raise Rs 5,000 crore via rights issue next financial year

SIDBI plans to raise Rs 5,000 crore via rights issue next financial year

Tue, Mar 12, 2024

The rest is held by other Public Sector Banks (PSBs) and institutions. He said the loan book of the entity is close to Rs 5 lakh crore and expressed hope to close the financial year at around Rs 5.2 lakh crore.

SIDBI signs pact with DLAI to boost fintech sector Mumbai

SIDBI signs pact with DLAI to boost fintech sector Mumbai

Sat, Sep 23, 2023

As a part of its business strategy, SIDBI is using digital technology and partnerships to directly reach out to micro enterprises and will explore offering its credit products through the DLAI members.

Sidbi offers 100% funding for MSME green projects

Sidbi offers 100% funding for MSME green projects

Mon, Sep 18, 2023

Sidbi lends up to Rs 7.5 crore to eligible MSMEs without charging processing fees by taking 25 per cent margin money as security under our new credit scheme in partnership with Tata Power to promote energy efficient and green business operations.

Sidbi to raise Rs 10,000 crore from rights issue next fiscal

Sidbi to raise Rs 10,000 crore from rights issue next fiscal

Sun, Sep 17, 2023

The central government owns 20.8 per cent in Sidbi, while State Bank of India holds 15.65 per cent and Life Insurance Corporation 13.33 per cent. The rest of the equity is held by other public financial institutions and banks. The shareholders will subscribe to the proposed rights issue.

IIT Kanpur-incubated startup Noccarc gets funding from SIDBI for healthcare innovation

IIT Kanpur-incubated startup Noccarc gets funding from SIDBI for healthcare innovation

Mon, Sep 11, 2023

The investment from SIDBI will help expand their existing operations and make progress in developing a smart ventilator solution for a global market.

LC Nueva AIF raises Rs 50 crore from SIDBI

LC Nueva AIF raises Rs 50 crore from SIDBI

Mon, Jul 31, 2023

LC Nueva Alternate Investment Fund has raised Rs 50 crore from the Small Industries Development Bank of India (SIDBI), the company announced on Monday.

SIDBI signs pact with HDFC Bank to offer financial solutions to MSMEs

SIDBI signs pact with HDFC Bank to offer financial solutions to MSMEs

Tue, Jun 06, 2023

State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs.

Sidbi net profit slips 18% to Rs 1,958 crore in FY22

Sidbi net profit slips 18% to Rs 1,958 crore in FY22

Tue, Jun 28, 2022

The state-owned financial institution had reported a net profit of Rs 2,398.28 crore in the previous fiscal.

Startup Corner: 8 entities to test fintech products for MSME lending under RBI's regulatory sandbox

Startup Corner: 8 entities to test fintech products for MSME lending under RBI's regulatory sandbox

Wed, Jun 08, 2022

Eight entities, including SIDBI, have been allowed to test their fintech products for MSME lending as part of the third cohort under RBI's regulatory sandbox scheme

Small Industries Development Bank of India signs MoU with West Bengal SIDCL

Small Industries Development Bank of India signs MoU with West Bengal SIDCL

Sat, Apr 23, 2022

The MoU was exchanged by Nikhil Nirmal, MD of WBSIDCL,and Sudatta Mandal, deputy managing director, SIDBI, in the presence of H K Dwivedi, chief secretary of the West Bengal, during the MSME sectoral session of Bengal Global Business Summit (BGBS), held in Kolkata on April 21, 2022.

SIDBI acquires 7.84 percent stake in public digital infrastructure platform ONDC for Rs 10 crore

SIDBI acquires 7.84 percent stake in public digital infrastructure platform ONDC for Rs 10 crore

Fri, Mar 25, 2022

"SIDBI, the apex Financial Institution for financing and development of MSMEs in the country, has acquired 7.84 percent stake in the open public digital infrastructure framework entity named Open Network for Digital Commerce (ONDC) through an investment of Rs 10 crore," SIDBI said in a release.

SIDBI joins hands with Meghalaya government to develop MSME ecosystem

SIDBI joins hands with Meghalaya government to develop MSME ecosystem

Fri, Mar 25, 2022

SIDBI has entered into a Memorandum of Understanding (MoU) with the Meghalaya Infrastructure Development and Finance Corporation Ltd (MiDFC) to develop the MSME ecosystem in the state, SIDBI said in a release.

SIDBI signs MoU to develop MSME ecosystem in West Bengal

SIDBI signs MoU to develop MSME ecosystem in West Bengal

Sat, Dec 25, 2021

SIDBI has signed a memorandum of understanding with the government of West Bengal to develop the MSME ecosystem in the state, a SIDBI official said on Friday. As per the MoU a project management unit (PMU) of SIDBI will work with the state government.

Sidbi, Google tie-up to support MSMEs

Sidbi, Google tie-up to support MSMEs

Thu, Nov 18, 2021

Sidbi on Thursday said it has entered into a partnership with Google India Pvt Ltd (GIPL) for piloting a social impact lending programme with financial assistance up to Rs 1 crore at competitive interest rates to MSMEs

SIDBI to provide project-specific loan to Assam govt for upgrading MSME clusters

SIDBI to provide project-specific loan to Assam govt for upgrading MSME clusters

Wed, Sep 15, 2021

SIDBI will provide project-specific loans to the Assam government for upgrading micro, small and medium enterprise (MSME) clusters in the state, according to a statement.

Small Business - SIDBI sanctions Rs 524 cr for upgradation of MSMEs in Tamil Nadu

Small Business - SIDBI sanctions Rs 524 cr for upgradation of MSMEs in Tamil Nadu

Sun, Aug 29, 2021

The funds would be utilized to execute projects including setting up of precision engineering cluster in Kancheepuram, e-vehicle component cluster in Coimbatore, a medical equipment industrial park in Oragadam near Chennai among others

SIDBI net profit rises 3.6 pc to Rs 2,398.28 cr in FY21

SIDBI net profit rises 3.6 pc to Rs 2,398.28 cr in FY21

Fri, Jul 16, 2021

Small Industries Development Bank of India (SIDBI) has reported a net profit of Rs 2,398.28 crore in fiscal ended March 2021. The results were declared at the 23rd Annual General Meeting of SIDBI.

SMALL BUSINESS: GAME partners with SIDBI to help MSMEs revive biz amid pandemic

SMALL BUSINESS: GAME partners with SIDBI to help MSMEs revive biz amid pandemic

Sun, Jun 27, 2021

The Global Alliance for Mass Entrepreneurship (GAME) and the Small Industries Development Bank of India (SIDBI) have signed a pact to help micro, small and medium enterprises (MSMEs) address their challenges that were accentuated during the pandemic

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