SIDBI also launched an MSME contact programme to understand their opportunities, challenges and eco system so as to grasp what can be done to ease the way they do business. Mustafa said a it will soon introduce contact-less loan platform on the website.
"The coming year will see a slew of measures to create a large positive impact on MSME sector. New SIDBI will endeavour to contribute to new and entrepreneurial India in a manner that no one can imagine MSME without us," SIDBI Chairman and Managing Director Mohammad Mustafa said.
While next year will be year of direct finance, institutional financing shall be growth engine and promotion & development shall be core strategy.
"In order to have feet on street, SIDBI shall endeavour to work with teachers and colleges in some states to motivate people to become job creator and not job seekers.
"The plan is to create a network which will result in selection of model entrepreneurs every year who will be supported by SIDBI in creating sustainable business models," he said.
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