SIDBI steps-up measures to address COVID-induced challenges of MSMEs

  • This is part of SIDBI's host of developmental measures rolled out to commemorate the World MSME day on June 27 as a Developmental Week, the lender said in a release on Friday
  • SIDBI on Friday said it has entered into a memorandum of understanding (MoU) with Global Alliance for Mass Entrepreneurship to help MSMEs address COVID-19-induced challenges.

  • Under this, it will expand credit access, enhance formalisation, build competitive clusters and improve the legal framework for ease of doing business for the micro, small and medium enterprises (MSMEs).