MSME & start-up consultation: DFS secretary urges 3x growth for SIDBI

The organization of an outreach program called “MSME & Start-Up Stakeholder Consultation Meet” by SIDBI.

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More than 350 startups, MSMEs, the Lead Industry Association, rating agencies, and other facilitators supporting the MSME ecosystem participated in the program. The aim was to gather feedback on improving service effectiveness and outreach, as well as identify sector goals and readiness for New Bharat. An exhibition was also organized wherein startups, MSMEs, emobility OEMs and aggregators including SIDBI’s digital offering were displayed and explained to the visitors. The participants appreciated their exposure to EV as a preferred option as also could widen their outlook towards innovative offerings from MSMEs. SIDBI gave live demonstration on “Express Loan” product wherein SIDBI has brought down the TAT from months to minutes.

Vivek Joshi (IAS), Secretary, DFS, Ministry of Finance was the Chief Guest and Subhas Chandra Lal Das (IAS), Secretary, Ministry of Micro, Small & Medium Enterprises was Guest of Honour.