Key Takeaways
- The SIDBI and TDB MoU targets easier credit for MSMEs developing indigenous tech.
- It aligns with the national Make In India drive and self‑reliance goals.
- Financial assistance will be provided to eligible enterprises under the partnership.
- The initiative supports growth of Micro, Small and Medium Enterprises across India.
Kolkata: The Small Industries Development Bank of India (SIDBI), the country’s Principal Financial Institution for promoting and financing Micro, Small and Medium Enterprises (MSME), has entered into a Memorandum of Understanding (MoU) with the Technology Development Board (TDB).
The agreement aims to ease credit access for MSMEs developing indigenous technology or adapting imported technology for broader domestic use.
The MoU was executed by Rahul Priyadarshi, Chief General Manager, SIDBI and Rajesh Jain, Director, TDB.
This MoU is an arrangement for a joint initiative by TDB and SIDBI, to extend financial assistance to eligible MSMEs as per the terms & conditions of TDB & SIDBI.
As regards the arrangement with TDB, Rahul Priyadarshi, Chief General Manager, SIDBI said, “SIDBI’s emphasis is on strengthening the MSME eco-system and realizing GoI’s ideology of “Make In India” and making India “Self-reliant”. This arrangement by SIDBI and TDB will support MSMEs with respective core-competencies / expertise, with the common vision of financing MSMEs in India.”
