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SIDBI launches Udyami Mitra Portal

Capital Market 

Small Industries Development of India (SIDBI) has launched the 'Udyami Mitra' Portal (www.udyamimitra.in) to improve accessibility of credit and handholding services to Micro, Small and Medium Enterprises (MSMEs).

Scheduled Commercial Banks (SCBs) have been advised to ensure a target of 7.5% of Adjusted Net Credit (ANBC) for Micro Enterprises, that collateral security is not required for loans upto Rs. 10 lakh to MSE sector, a simplified working capital requirement for MSEs.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 27 2017. 16:41 IST
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