Cabinet approves major equity support for SIDBI to boost MSME credit

New Delhi [India], January 21 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi on Wednesday, has approved a significant equity support of Rs. 5,000 crore for the Small Industries Development Bank of India (SIDBI).

This capital will be infused by the Department of Financial Services in three separate stages, starting with Rs 3,000 crore in the 2025-26 financial year, followed by Rs. 1,000 crore in