SIDBI
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Opportunity India Desk Jan 16 2024 - 2 min readThe Small Industries Development Bank of India (SIDBI) has joined hands with ETO Motors and launched its EV services in Ayodhya. Uttar Pradesh Chief Minister Yogi Adityanath on Monday flagged off e-mobility initiatives including E-autos of ETO at an event held in Ayodhya Dham. This initiative aims to ease commuting in pious ...
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Opportunity India Desk Dec 18 2023 - 3 min readA month subsequent to the Reserve Bank of India's (RBI) announcement of stricter regulations governing credit to non-banking financial companies (NBFCs), the borrowing costs for these entities have surged significantly. Simultaneously, banks are also experiencing heightened expenses for funds amid tight liquidity conditions within the banking system. Data from the Clearing ...
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Opportunity India Desk Dec 07 2023 - 3 min readCountry’s startup ecosystem is flourishing, with close to 1.16 lakh government-recognized startups operating under the Startup India initiative. The government has officially acknowledged 1,14,902 entities as startups as of October 31, 2023, since the program's launch in 2016, said Minister of State for Commerce and Industry Som Parkash. While the Ministry reported this ...
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Opportunity India Desk Nov 16 2023 - 3 min readThe Small Industries Development Bank of India (SIDBI) has entered into an agreement with the Union Territory of Jammu and Kashmir (J&K) to implement the SIDBI Cluster Development Fund (SCDF), aimed at accelerating infrastructure development for Micro, Small, and Medium Enterprises (MSMEs) in the region. The partnership will facilitate the modernization, upgrading, and ...
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Opportunity India Desk Nov 15 2023 - 2 min readThe Small Industries Development Bank of India (SIDBI), in collaboration with Jocata, a financial advisory and technology firm, introduced an MSME Economic Activity Index called ‘Sumpoorn’. The index, based on consent-led and anonymized monthly sales data from over 50,000 MSMEs seeking credit, will utilize official GSTN returns from October 2019 to the present, ...