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IIMA Ventures to back 30 deep-tech startups with Rs 40 crore fund

In August 2023, both institutions signed a memorandum of understanding (MoU) to establish a jointly funded initiative with equal contributions from each side

IIMA Ventures to back 30 deep-tech startups with Rs 40 crore fund
Updated On : 11 Apr 2025 | 8:34 PM IST

After innovation debate, Goyal announces helpline for startup grievances

Piyush Goyal said that the helpline would be accessible to all startups nationwide, allowing them to register complaints or provide feedback on policies

After innovation debate, Goyal announces helpline for startup grievances
Updated On : 05 Apr 2025 | 8:44 PM IST

Sidbi VC to manage Rs 1,000 crore venture capital fund for space sector

SIDBI Venture Capital Limited has been selected as the fund manager for Rs 1,000 crore venture capital fund announced by the government to support private sector firms in the space technology domain. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) made the announcement in this regard on Friday. "M/s SIDBI Venture Capital Limited is selected as the Fund Manager / Investment Manager for the Rs 1,000 crore Venture Capital Fund for the Indian Space Sector," the IN-SPACe said in a statement. The fund will deploy the amount earmarked for it over a period of five years, with a planned deployment of Rs 150 crore in the 2025-26 financial year followed by Rs 250 crore each in the next three financial years and Rs 100 crore in 202930. "The indicative range of investment is proposed to be Rs 10 crore-Rs 60 crore, contingent upon the stage of the company, its growth trajectory and its potential impact on national space capabilities," the government said in an ...

Sidbi VC to manage Rs 1,000 crore venture capital fund for space sector
Updated On : 21 Mar 2025 | 1:49 PM IST

Nabard, Sidbi raise Rs 14K cr amid demand for short to medium tenor bonds

This marks a shift from their usual preference for long-tenor bonds, as an oversupply of such bonds has driven yields higher

Nabard, Sidbi raise Rs 14K cr amid demand for short to medium tenor bonds
Updated On : 19 Mar 2025 | 8:44 PM IST

Sidbi partners with France's lender AFD for $100 million credit line

The Small Industries Development Bank of India on Wednesday said it has tied up with AFD, under which the French lender will provide a USD 100 million credit line. The resources will be deployed by Small Industries Development Bank of India (SIDBI) to scale up its green finance solutions for the Indian micro, small and medium enterprises (MSMEs), according to a statement. AFD will provide a credit line of USD 100 million to SIDBI to expand access to affordable financing for MSMEs investing in energy-efficient technologies, renewable energy solutions, and climate-friendly business practices, it said. Both the partners are committed to fostering sustainable economic development and enhancing climate resilience in emerging markets, the statement said, adding that the tie up leverages AFD's climate financing strengths and SIDBI's MSME understanding. "The USD 100 million credit line signed with SIDBI marks a crucial step in empowering MSMEs to invest in sustainable solutions. MSMEs have

Sidbi partners with France's lender AFD for $100 million credit line
Updated On : 12 Feb 2025 | 9:16 PM IST
Updated On : 10 Feb 2025 | 11:14 PM IST

MSMEs upbeat about business growth, plan to increase workforce: Survey

Optimism more pronounced in manufacturing and comparatively sedate in trading: SIDBI report

MSMEs upbeat about business growth, plan to increase workforce: Survey
Updated On : 07 Feb 2025 | 11:48 AM IST

Startup India initiative sparks nation's modern entrepreneurial revolution

India has historically been an entrepreneurial nation, accounting for 25-35 per cent of global GDP through the centuries

Startup India initiative sparks nation's modern entrepreneurial revolution
Updated On : 15 Jan 2025 | 1:02 PM IST

CII proposes reforms in India's priority sector lending framework

Industry body CII has proposed reforms in India's Priority Sector Lending (PSL) framework, suggesting inclusion of emerging sectors and high-impact sectors like digital infrastructure, green initiatives, healthcare, and innovative manufacturing. Arguing that current Development Finance Institutions (DFIs) like SIDBI and NaBFID (National Bank for Financing Infrastructure and Development) have their roles cut out as they have earmarked sectors to finance, the chamber also suggested setting up of a high level committee to look at the revision of PSL norms and explore the need for any new DFIs to cater to some of the new and emerging sectors. Priority Sector Lending is a policy tool aimed at ensuring that key sectors crucial to the nation's development receive adequate financial support. Mandated by the Reserve Bank of India (RBI), PSL obligates banks to allocate a specified proportion of their loans to sectors such as agriculture, education, housing, and small industries. The framework

CII proposes reforms in India's priority sector lending framework
Updated On : 22 Dec 2024 | 3:23 PM IST

Indian companies make a beeline to raise funds from debt capital market

According to a dealer at a state-owned bank, some of the AAA-rated issuers who tapped the market today were expecting to raise funds at the levels they normally raise

Indian companies make a beeline to raise funds from debt capital market
Updated On : 20 Dec 2024 | 11:39 PM IST

CGTMSE achieves milestone of approving 10 million guarantee to MSMEs

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) on Tuesday said it has achieved a milestone of approving 1 crore guarantees to MSE beneficiaries. CGTMSE was set up by the central government and SIDBI in August 2000 to provide credit guarantees to micro and small enterprises, enabling them to access credit without the need for collateral and third-party guarantees. To mark the occasion, an event was organised, and attended by CGTMSE chairman Manoj Mittal and CEO Manish Sinha and representatives of various banks, including State Bank of India, HDFC Bank and Union Bank, and MSMEs. During the occasion, three Micro and Small Enterprises (MSE) borrowers and three prominent Member Lending Institutions (MLIs) were felicitated which have played a significant role in this achievement, CGTMSE said in a statement. Speaking at the event, Mittal emphasised the transformative impact of credit guarantees on the MSE ecosystem, enabling businesses to access funding without .

CGTMSE achieves milestone of approving 10 million guarantee to MSMEs
Updated On : 17 Dec 2024 | 8:07 PM IST

NBFCs eye Rs 5,000 crore through bond issuances over next one week

Sidbi raises Rs 8K cr, single-largest by a non-bank so far in FY25

NBFCs eye Rs 5,000 crore through bond issuances over next one week
Updated On : 24 Sep 2024 | 8:28 PM IST

Financial institutions plan to raise up to Rs 8,750 cr via bonds Tuesday

The bonds have received a AAA rating from India Ratings

Financial institutions plan to raise up to Rs 8,750 cr via bonds Tuesday
Updated On : 23 Sep 2024 | 8:00 PM IST

Sidbi partners C2treds, UGRO Capital to facilitate loans to MSME sector

Small Industries Development Bank of India (SIDBI) has partnered with C2treds and UGRO Capital to facilitate loans to the MSME sector. SIDBI has onboarded C2treds, a platform that offers MSMEs liquidity within 24 hours through an online bidding process, C2FO said in a release. C2FO is an on-demand working capital platform, providing fast, flexible and equitable access to low-cost capital to nearly 2 million businesses worldwide. "Through this strategic collaboration, C2treds aims to enhance liquidity for MSMEs at competitive interest rates," it said. C2treds operates under the Trade Receivables Discounting System (TReDS) initiative which enables the discounting of invoices and is regulated by the Reserve Bank of India (RBI) to support the MSME sector in India. As the apex institution for the promotion and development of MSMEs, SIDBI is fully committed to increasing the flow of credit to MSMEs. TReDS has become an effective tool for the prompt realization of MSMEs' receivables and

Sidbi partners C2treds, UGRO Capital to facilitate loans to MSME sector
Updated On : 30 Jul 2024 | 8:51 PM IST

Manoj Mittal takes charge as Sidbi's CMD after appointment by Centre

Manoj Mittal has taken charge as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI), following his appointment by the Centre. Prior to this, he was the managing director of Industrial Finance Corporation of India (IFCI). Mittal has over 33 years of experience in the financial services sector, including his previous tenures as MD and CEO of IFCI and Deputy Managing Director at SIDBI, an official statement said.

Manoj Mittal takes charge as Sidbi's CMD after appointment by Centre
Updated On : 27 Jul 2024 | 3:59 PM IST

Pilot study to enhance viability of 60 fair price shops underway: Govt

A pilot study is underway in the country to enhance the viability of 60 fair price shops, also called ration shops, across four cities -- Hyderabad, Ghaziabad, Jaipur and Ahmedabad, Parliament was informed on Wednesday. This initiative, supported by the Centre in collaboration with respective state governments, aims to provide essential assistance to Fair Price Shops (FPS) operators through partnerships with the Small Industries Development Bank of India (SIDBI) for working capital and B2B online wholesale aggregators focusing on nutritional products. In a written reply to the Lok Sabha, Minister of State for Food and Consumer Affairs Nimuben Jayantibhai Bambhaniya, said in a broader effort to bolster FPS operations, the government has urged state and Union Territory (UT) administrations to introduce additional services at these shops. Proposed services include Common Service Centre (CSC) functionalities, banking partnerships with banks and corporate correspondents, and the retail .

Pilot study to enhance viability of 60 fair price shops underway: Govt
Updated On : 24 Jul 2024 | 8:13 PM IST

Union Budget 2024: Here's what startups, investors expect from Modi 3.0

Expectations rise for investments, simplified tax norms, and sectoral support

Union Budget 2024: Here's what startups, investors expect from Modi 3.0
Updated On : 11 Jul 2024 | 11:42 AM IST

Sidbi to tap humble postmen to support micro-entrepreneurs across country

Due to our lending obligations, we cannot directly lend, we are utilising Sidbi to provide the loans. Approval from the Reserve Bank of India is still pending, Senior official from IPPB said

Sidbi to tap humble postmen to support micro-entrepreneurs across country
Updated On : 10 Jul 2024 | 10:30 PM IST

Sidbi bats for sustainable development of MSMEs; pilots several projects

Small Industries Development Bank of India (SIDBI) has been making efforts for sustainable development of the MSME sector, which plays a key role in the economy, a senior official of the financial institution said on Thursday. Deputy Managing Director of SIDBI, Sudatta Mandal, said it has taken proactive steps to make the MSME eco-system green with several financial and non-financial engagements. Speaking at an interactive session on the occasion of International MSME Day organised by the MCCI, Mandal said SIDBI has launched various lending products on competitive terms to facilitate energy-efficient transition of the MSMEs. "In the green space, SIDBI has piloted several projects and validated models such as Partial Risk Sharing Facility for energy efficiency programme supported by the World Bank with a corpus of USD 37 million, he said. Mandal said SIDBI has made continuous efforts for holistic development of the MSME sector, which now contributes to 45 per cent of India's exports

Sidbi bats for sustainable development of MSMEs; pilots several projects
Updated On : 27 Jun 2024 | 7:51 PM IST

Infosys ranked 74th most valuable global brand in Kantar BrandZ report

Infosys has secured a spot among the 100 most valuable brands in the world, according to Kantar, the Bengluru-headquartered IT services company said on Wednesday. In its annual 'BrandZ Most Valuable Global Brands' report, Infosys is ranked as the 74 most valuable brand in the world and ranked as the 20 most valuable global B2B (business to business) technology brand, according to a release. The Kantar BrandZ recognition is a validation of the client trust that Infosys has earned, and the relevance of its capabilities, especially in domains like enterprise AI where technologies like generative AI and cloud continue to evolve, the release added. **** CredAble raises Rs 3 crore from SIDBI * Fintech firm CredAble on Wednesday said it has raised Rs 3 crore in debt funding from SIDBI to scale up its operations and extend affordable financing solutions to MSMEs and women-led businesses in India. The funding from SIDBI will further accelerate the development of new market-leading financ

Infosys ranked 74th most valuable global brand in Kantar BrandZ report
Updated On : 14 Jun 2024 | 10:27 AM IST