Business

SIDBI to address financial gaps in Micro and Small Enterprises ecosystem

PNS

After touching more than one lakh lives in the last financial year ended March 31, 2019, Small Industries Development Bank of India (SIDBI) is set to deepen the entrepreneurship culture across the country by setting up and stepping up credit plus engagements.

In the present financial year, SIDBI is planning to scale up the “Swavalamban” initiative by setting up dedicated centres for handholding and guidance to budding entrepreneur. “Swavalamban” is a mission to encourage masses to select entrepreneurship as the preferred occupational choice through the right enablers.

The objective is to enable credit access to unorganized livelihood ventures from challenged/underserved segments.