Established in 1990, SIDBI acts as a Principal Financial Institution for the promotion, financing and development of the MSME sector. As part of the partnership with SIDBI, Mufin Green Finance becomes an authorized partner of SIDBI to promote EV financing among industry stakeholders including fleet operators, aggregators, etc. and develop the MSME sector.
The Small Industries Development Bank of India (Sidbi) on Tuesday said its net income jumped 71 per cent on-year to Rs 3,344 crore in FY23. The company s Chairman and Managing Director Sivasubramanian Ramann said the massive increase in profit and all other key number were driven by better all round performance which has helped it more than double its income to Rs 18,485 crore.
Mumbai (Maharashtra) [India], April 4 (ANI/BusinessWire India): The 15th edition of "Microfinance Pulse", a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS'21 to JAS'22. Not for Profit MFIs witnessed highest growth in terms of disbursement amount and in terms of number of loan disbursed, NBFCs are leading by 63% from JAS'21 to JAS'22. Highest number of loans are issued under 30k-40k ticket size category and it witnessed annual growth of 13% from JAS'21 to JAS'22.
The 15th edition of “Microfinance Pulse”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the disbursements by value witnessed annual growth of 11% JAS’21 to JAS’22.