The Small Industries Development Bank of India (SIDBI) in association with TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited) has launched a comprehensive financial education and one-stop knowledge platform for micro, small and medium enterprises “MSMESaksham”, which will guide MSMEs (micro, small and medium enterprises) seeking quick access to finance and will also support them in managing their credit obligations. The portal is focused on two key pillars of financial knowledge and access to credit.
- The portal will have a consolidated list of all the schemes launched by the Centre and state governments for MSMEs.
- It will be a knowledge hub with informative articles, business insights to help entrepreneurs and business owners start or grow businesses.
- The portal aims to guide MSMEs across their credit lifecycle, from availing credit to start and grow their businesses, to manage credit lines to sustain and build structural strength of the business as well as ensuring timely closures and renewals of credit facilities.
MSMESaksham leverages SIDBI’s extensive network of MSMEs as well as information and insights from TransUnion CIBIL to create an educational ecosystem to build structurally strong MSMEs.
Recent Related News:
On June 26, 2020 Small Industries Development Bank of India(SIDBI) has informed that it has set up ‘Swavalamban Crisis Responsive Fund’(SCRF), an open-ended fund to facilitate free onboarding of Micro, Small and Medium Enterprises(MSMEs) on Trade Receivables Discounting System(TReDS) platform.
About SIDBI:
Chairman and Managing Director (CMD)– Mohammad Mustafa
Headquarter– Lucknow, Uttar Pradesh (UP)
About TransUnion CIBIL:
Headquarter– Mumbai, Maharashtra
