PHDCCI Signs a MoU with SIDBI to Facilitate Credit Schemes for its MSME Members

On February 16, 2021 PHD Chamber of Commerce and Industry(PHDCCI) signed a Memorandum of Understanding(MoU) with Small Industries Development Bank of India (SIDBI) to offer various credit & other schemes of SIDBI to Micro, Small and Medium Enterprises (MSMEs), which is member of PHDCCI in India. They can get the schemes with comparative ease and better terms.

Aim: To make available the SIDBI schemes to the MSMEs, which is member of PHDCCI.

Key Info:

i.PHDCCI has set up a specialized MSME Centre to provide mentoring & guidance to MSMEs

ii.It is entering into partnership with various organisations like Banks, Financial Institutions, Government e-Marketplace (GeM), Trade Receivables Discounting System (TReDS), etc., to enable the member MSMEs to avail the schemes of these organisations.

Recent Related News:

On December 19, 2020 The Small Industries Development Bank of India (SIDBI)signed Memorandum of Understanding (MoU) with the Government of Assam to develop the Micro, Small and Medium Enterprises (MSME) ecosystem in the State.

About PHD Chamber of Commerce and Industry(PHDCCI):

PHDCCI was established in 1905. It is a proactive National Apex Chamber working at the grass-root level and with strong national and international linkages.
President– Sanjay Aggarwal(Chair & CEO, Paramount Communications Ltd)
Headquarters– New Delhi, Delhi

About Small Industries Development Bank of India (SIDBI):

HeadOffice– Lucknow, Uttar Pradesh
Deputy Managing Director–  V Satya Venkata Rao
Set up– 2nd April 1990 under an Act of Indian Parliament





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