SIDBI inks MoU with SAARC Development Fund

Posted on:02 May 2016 11:29:52
SIDBI inks MoU with SAARC Development Fund
02 May 2016 Current Affairs: The Small Industries Development Bank of India (SIDBI) has inked MoU with SAARC Development Fund (SDF) for mutual cooperation and collaboration. The MoU was signed by SIDBI Deputy Managing Director A K Kapur and SDF CEO Sunil Motiwal. MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian MSMEs on risk sharing basis in identified sectors.

Development of suitable financial products for SME financing for MSMEs of other Saarc states, the Finance Ministry said in a statement.Technology transfer and making available software to MFIs regarding loan tracking systems in other SAARC states. Capacity development of SDF, SIDBI and SME funding institutions in SAARC countries.

SIDBI: It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSMEs).

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 May

26 MAY
NEWS
25 MAY
NEWS
24 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS

Current Affairs 2018 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS