MSMEs get funding support
PHD Chamber of Commerce and Industry and Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) on 16 Feb 2021 to facilitate providing of various credit & other schemes to Micro, Small and Medium Enterprises (MSMEs) in the country as part of the chamber’s tie-ups with various organizations like Banks, Financial Institutions, GeM, TReDS and others to make financial schemes available cash strapped member enterprises.
The MoU with SIDBI will help the Members of PHD Chamber avail all the schemes of SIDBI with comparative ease and better terms, said the chamber, announcing the MoU on 16 Feb 2021.
SIDBI welcomed this initiative of PHDCCI and stated that their branch network all over the country will be happy to help the chamber’s members by providing assistance under various schemes.
SIDBI is an all India financial institution dedicated to provide term loans, working capital and venture funding assistance to MSMEs and PHD Chamber will help in connecting its Members for availing all these products from SIDBI.
The Chamber has established a specialized MSME Centre for providing Mentoring & Guidance to MSMEs. #MSMEs #financial #banking /fiinews.com
