SIDBI, CSC Partner to Offer MSMEs Better Credit Access

The Small Industries Development Bank of India (SIDBI) signed an MoU with CSC e-governance Services (CSCeGS) to take Udyami Mitra portal to the unserved and the underserved MSMEs. Udyamimitra.in is a portal to improve the accessibility of credit for the MSMEs. It allows entrepreneurs to apply for a loan without physically visiting bank branches.

CSCeGS is a special purpose vehicle (SPV) set up by the ministry of electronics and IT ( MeitY) which acts as connect point for various digitally aligned services to villages in the country. The MoU is aimed to facilitate financial support to the upcoming CSCs through bank financing.
Source- Business Standard
Static/Current Takeaways Important for Exams-
  • SIDBI CEO- Dr Kshatrapati Shivaji, Founded- 2 April 1990, Headquarter- Lucknow.