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).


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs July 2017

28 JULY
NEWS
27 JULY
NEWS
26 JULY
NEWS
25 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS