Get latest articles and stories on Business at LatestLY. Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) has partnered with M1xchangeas the financier. This move is expected to bring liquidity to MSMEs at competitive interest rates. Business News | To Enhance Proactive Government Initiative of TReDs, M1xchange Onboards SIDBI as a Financier.
New Delhi [India], December 16 (ANI/PNN): Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) has partnered with M1xchangeas the financier. This move is expected to bring liquidity to MSMEs at competitive interest rates. M1xchange offers early liquidity to MSMEs within 24 hours through its online bidding platform through end-to-end digital process. This is a highly effective and efficient solution for addressing the issue of delayed payment of MSMEs. M1xchange is one of three TReDS platforms. TReDS is regulated by RBI that enables discounting of bills of Micro, Small & Medium Enterprises (MSMEs) resulting in improvement of cash flow and liquidity and overall improvement in functioning of MSMEs. The Micro, Small, and Medium Enterprises sector accounts for the major share in the number of enterprises in India. This sector is also a major employment p
Association of Industries, Madhya Pradesh, vice-president Yogesh Mehta and cluster committee member Girish Punjabi said a meeting had been held with MP Shankar Lalwani and MPIDC executive director Rohan Saxena, where the footwear industrialists’ demand was put forward.
Jaipur (Rajasthan) [India], September 20 (ANI/PNN): Symposium on Innovation Ecosystem for MSMEs and inauguration of Swavalamban Chair by SIDBI was organized on 1 September 2022. The program was inaugurated by Dr KR Bagaria, Founder of Vivekananda Global University, Dr Ravindra Kumar Singh (CGM, SIDBI) and Saurabh Bajpai (DGM, SIDBI), who announced the Swavalamban Chair. Vivekananda Global University has been honored by SIDBI for the Swavalamban Chair for the next 3 years. Vivekananda Global University is the first Private University in India to have received this honour. Recently Vivekananda Global University has been listed in the category of fastest-growing University with NAAC A+ accreditation in all of Rajasthan. VGU, Jaipur, as the Swavalamban Chair, will provide knowledge, logistics support and financial support to budding innovators to help them develop products/services from idea to execution. This scheme will give an additional boost to the startup ecosystem of Tier-2 and Tier