30 April 2016

SIDBI signs MoU with Saarc Development Fund

SIDBI signs MoU with Saarc Development Fund

Small Industries Development Bank of India (SIDBI) and Saarc Development Fund (SDF) has signed a Memorandum of Understanding (MOU) for mutual cooperation and collaboration.

According to the Finance Ministry, MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian MSMEs on risk sharing basis in identified sectors, development of suitable financial products for SME financing for Micro Small and Medium Enterprises(MSMEs) of other Saarc states.

MoU also calls for technology transfer and making available software to MFIs regarding loan tracking systems in other Saarc states and capacity development of SDF/SIDBI and SME funding institutions in SAARC countries.

Extra info:
SIDBI Deputy Managing Director A K Kapur
SDF CEO -  Sunil Motiwal.
CMD of SIDBI - Kshatrapati Shivaji 

So let's do
1. Who is the Deputy Managing Director of SIDBI ?
2. Who is the CEO SDF ?
3. Name the Bank which has signed the MoU with Saarc Development Fund ?

Source - The Hindu

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