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.
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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.