SIDBI To Extend Direct Funding Facility to VLEs in CSCs

Common Service Centre (CSC) SPV and Small Industries Development Bank of India (SIDBI) signed an MoU for providing financial support to CSCs across the country in the presence of Minister of Electronics & IT and Law & Justice, Ravi Shankar Prasad.

Through the MoU, the SIDBI seeks to extend financial support to the Village Level Entrepreneurs (VLEs) of CSCs, with minimum one year of operation, under the Direct Financing Window of SIDBI. Through the MoU, both CSC SPV and SIDBI seek to work together to bring more citizens under the ambit of financial inclusion.
Source- Press Information Bureau (PIB)

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Chairman of SIDBI- Mohammed Mustafa, Founded- 2 April 1990, Headquarter- Lucknow.