SIDBI, TransUnion CIBIL launch financial knowledge platform for MSMEs
The Small Industries Development Bank of India (SIDBI), in association with TransUnion CIBIL, has launched a comprehensive financial education and knowledge platform meant for the micro, small and medium enterprises functioning in the country.
Highlights
Known as MSMESaksham, this new platform will guide the MSME sector in search of seamless and quick access to finance and will also lend support to them in managing the credit obligations of these organizations. The objective of the platform is to make the MSMEs financially aware and credit-ready so that timely and affordable financial support is realized.
Significance
The portal will come in handy for the MSMEs across their entire credit lifecycle, from availing the credit facility to start and grow their businesses and to manage credit lines to sustain and build structural strength of the business as well as ensuring timely closures and renewals for the credit facilities.
Contents
This platform will have the list of all the schemes launched by the central government as well as the state governments for the MSMEs. The platform will serve as a knowledge hub mainly with informative articles, business insights to help entrepreneurs and business owners start or grow businesses.
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Month: Current Affairs - July, 2020