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Rajya Sabha clears Bill: Factoring law to draw 9, 000 NBFCs, boost MSME cash flow, says FM Nirmala Sitharaman
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Lok Sabha Passes Two Bills Amid Protests
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Factoring Amendment, National Institute of Food Technology Bills passed in Lok Sabha amid din
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MSMEs will be able to take Loans from NBFCs in lieu of the Outstanding Bill
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New Delhi: Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing, and development of Micro, Small and Medium Enterprises(MSMEs), has enteredinto a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to develop the MSME ecosystem in the State. The MoU was signed by Shri J.V.N. Subramanyam IAS,Director of Industries, Commerce and Export Promotion, Government of Andhra Pradeshand Shri Sanjay Jain, General Manager, Regional Head, Small Industries Development Bank of India (SIDBI), Hyderabad, in the presence of Shri Mekapati Goutham Reddy, Cabinet Minister of Industries, Govt. of Andhra Pradesh.