The Small Industries Development Bank of India (SIDBI) has launched one-stop knowledge portal named as “MSMESaksham” in association with TransUnion CIBIL. The platform has been launched for micro, small and medium enterprises (MSMEs). MSMESaksham is a comprehensive financial education and knowledge platform for MSMEs and will support them in managing their credit obligations.
MSMESaksham will provide MSMEs quick access to finance and empower them by making them financially aware and loan-ready so that timely and affordable financial support is realised. It will also guide them across their credit life cycle. It will also comprise a consolidated list of all the schemes launched by the Centre and state governments for MSMEs.
Important takeaways for all competitive exams:
- Chairman of Small Industries Development Bank of India: Mohammad Mustafa.