Latest Development

S. No.	Title	Date
8/03/25 SIDBI marked International Women's Day with a series of enriching events held at its Mumbai and Lucknow offices. Shri Manoj Mittal, CMD, SIDBI, accompanied by Shri Sudatta Mandal, DMD, SIDBI along with other senior SIDBI officials, graced the occasion and addressed the gathering, shedding light on the importance of women empowerment. A thought-provoking session titled ‘Mental Literacy – Understanding the Mind, Understanding the Body’ was conducted by the esteemed Dr. Neena Sawant, Professor at Seth GSMC & KEM Hospital, offering valuable insights into mental and physical well-being.	2025-03-08
6/03/25 Smt. Nirmala Sitharaman, Hon’ble Union Minister of Finance & Corporate Affairs, along with Shri Pankaj Choudhry, Hon’ble Minister of State for Finance virtually inaugurated two new SIDBI branches in Rajamahendravaram and Kakinada, Andhra Pradesh, today during the Post-Budget Interaction programme held in Visakhapatnam, Andhra Pradesh. The event witnessed the presence of distinguished dignitaries, including Shri Ajay Seth, Secretary, Department of Economic Affairs; Shri Arunish Chawla, Secretary, Department of Investment & Public Asset Management; Shri M. Nagaraju, Secretary, DFS; Shri Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes & Customs; Shri Manoj Govil, Secretary, Department of Expenditure; and Shri Ravi Agarwal, Chairman, Central Board of Direct Taxes.	2025-03-06
6/03/25 Smt Nirmala Sitharaman, Hon’ble Union Minister of Finance & Corporate Affairs, along with Shri Pankaj Chaudhary, Hon’ble Minister of State for Finance handed over sanction letters to the beneficiaries of the two newly inaugurated SIDBI branches accompanied by Shri M. Nagaraju, Secretary, DFS alongside Shri Manoj Mittal, CMD, SIDBI.	2025-03-06
05/03/25 SIDBI and The Federal Bank Limited (FBL) signed an MoU to strengthen MSME financing and foster the growth of the MSME ecosystem in Mumbai. The collaboration focuses on providing financial assistance for project finance, machinery/equipment finance, working capital solutions (including letter of credit and bank guarantee), and loan against property. Additionally, joint financing opportunities will be explored to enhance credit access for MSMEs. The MoU was signed by Shri Prakash Kumar, DMD, SIDBI, and Shri Harsh Dugar, Executive Director, FBL, in the presence of other senior officials from both institutions.	2025-03-05
24/02/25 Shri Satya Prakash Singh, CGM, SIDBI inaugurated a new branch of SIDBI in Bulandshahr. This aligns with the Hon'ble Finance Minister's announcement during the FY 2024-25 budget speech, which outlined SIDBI's plan to expand its reach by opening new branches to serve major MSME clusters. During the event, sanction letters and cheques were distributed to various MSMEs.	2025-02-24
24/02/25 SIDBI participated in the “National Workshop on Mobilising Finance for Renewable Energy” organised by Ministry of New and Renewable Energy (MNRE), Government of India at Mumbai. Shri Prakash Kumar, DMD, SIDBI participated in the program and highlighted SIDBI’s vision on “Har Udyami ki Chhatt par Solar (each MSME to have solar roof top)”. He emphasized the need for Bankers to have a dedicated vertical for Renewable Energy/Emerging Green Technologies and capacity building of all the MSMEs stakeholders to serve the last mile connectivity. He also highlighted SIDBI’s initiatives, including capacity building initiatives, technical tools, risk sharing facility for EE/EV and MSW and awareness programs to enhance green investments for and by MSMEs.	2025-02-24
17/02/25 SIDBI has commenced extending the benefits under the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) to its customers. Two of its clients, Hempel Forge Ltd., Ahmedabad (term loan of ₹13.78 crore), and Industrial Radiographic Inspection Company, Chennai (term loan of ₹10.30 crore), received sanction letters under MCGS-MSME from the Hon’ble Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman, and the Hon’ble Minister of State for Finance, Shri Pankaj Chaudhary, in the presence of Shri M Nagaraju, Secretary, DFS, and Shri Manoj Mittal, CMD, SIDBI in Mumbai.	2025-02-17
16/02/25 SIDBI inaugurated its new office premises for Nellore branch, reaffirming its commitment to MSME development in the region. The event was presided over by senior SIDBI officials, who highlighted key policy directions from the Union Budget, SIDBI’s role in MSME financing & development, and the importance of financial discipline for enterprises.	2025-02-16
13/02/25 SIDBI hosted an insightful session on startups and venture capital at its New Delhi office, with the esteemed presence of Padma Shri Award recipient Shri Sanjeev Bikhchandani, founder of Info Edge India Ltd., renowned angel investor, and member of the National Startup Advisory Council. Shri Bikhchandani shared his valuable perspectives on the dynamic entrepreneurial landscape and current investment opportunities. The session was further enhanced by the presence of Shri Manoj Mittal, CMD, SIDBI contributing to an enriching experience for all participants.	2025-02-13
12/02/25 SIDBI was honored with the "Creating MSME Ecosystem" award at the MSME Banking and NBFC Excellence Awards-2024 organized by Chamber of Indian MSME in New Delhi. This prestigious recognition, presented by Shri Pankaj Chaudhary, Hon'ble Union Minister of State for Finance, underscores SIDBI's significant contributions to fostering a thriving environment for MSMEs in India. He also emphasized the crucial role of MSMEs in driving the nation's economic growth, highlighting the importance of SIDBI's work in supporting this vital sector.	2025-02-12
11/02/25 SIDBI participated in the IVCA Conclave 2025, where Shri Sudatta Mandal, DMD, SIDBI delivered a keynote address that was met with sincere appreciation from Indian Venture and Alternate Capital Association - IVCA (IVCA). In his address, Shri Mandal highlighted SIDBI’s crucial role in nurturing startups, catalyzing domestic capital, and fostering an inclusive entrepreneurial ecosystem. He emphasized the transformative impact of the Fund of Funds for Startups (FFS) and the need to democratize startup funding, particularly in Tier-2 and Tier-3 cities, to ensure equitable growth opportunities across India. SIDBI remains committed to strengthening India’s startup and MSME ecosystem. IVCA acknowledged this commitment and reiterated its support for collaborative efforts to enhance the nation’s entrepreneurial landscape.	2025-02-11

Last Updated: 25-03-2025