SIDBI Foundation Day- Launches ‘Samridhi- virtual assistant’ & ‘ Bankability Kit’

SIDBI (Small Industries Development Bank of India) celebrated its foundation day (2nd April 1990) as the day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate). Chairman Managing Director of SIDBI Mohammad Mustafa launched a series of initiatives from its Lucknow bank headquarters.

An MoU was signed with The New India Assurance Co. Ltd. and two MSMEs were issued insurance policies. Chairman SIDBI also launched ‘Samridhhi- the virtual assistant’ on banks revamped universal loan portal During the day, a ‘Bankability Kit’ (brought in partnership with Bank of Baroda and IDBI Bank) was also launched.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • SIDBI CEO- Dr Kshatrapati Shivaji, Founded- 2 April 1990, Headquarter- Lucknow.

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