Wednesday, April 24, 2024
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Small Industries Development Bank Of India

The digital banking platform said that the funds will provide growth capital to accelerate Freo’s pan-India reach.

Blue Orchard and Tata Capital led the funding round, with participation from the Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners

The fund is aimed at transforming the state into a start-up destination by creating a conducive environment for start-ups to flourish

This collaborative fund, formed through a partnership between Lighthouse Canton and Nueva Capital, operates as a sector-agnostic, primarily early-stage fund

The pilot phase of Mission 50,000- EV4ECO intends to unlock the electric vehicle market by providing better financing terms and understanding other solution bouquets needed to address the better adoption of EV

SIDBI has taken new initiatives to increase the flow of credit to MSMEs, said SIDBI chairman and managing director Sivasubramanian Ramann

SIDBI is working towards facilitating credit supply to the MSME sector in line with the government's vision of making India a $5 trillion economy. The organisation aims to grow its balance sheet to Rs 5 trillion in the next two years