Cabinet Approves Rs.5,000 Crore Equity Support for SIDBI
The Union Cabinet, chaired by Prime Minister Narendra Modi, has endorsed a Rs.5,000 crore equity infusion into the Small Industries Development Bank of India (SIDBI) to boost credit flow to the Micro, Small, and Medium Enterprises (MSMEs) sector. This support is aimed at enabling SIDBI to generate resources at competitive rates, thereby enhancing the availability of credit to MSMEs. The move is expected to add approximately 25.74 lakh new MSME beneficiaries by the end of the financial year 2028.
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