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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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link