SIDBI and TDB Join Forces to Boost Tech-driven MSMEs with Enhanced Credit Access

The Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with the Technology Development Board (TDB) to facilitate access to credit for Micro, Small, and Medium Enterprises (MSMEs) involved in the development and commercial application of indigenous or imported technology.

The joint initiative aims to provide financial assistance to eligible MSMEs, aligning with the Government of India's "Make In India" and "Self-reliant India" initiatives. This collaboration underscores SIDBI's commitment to strengthening the MSME ecosystem and supporting businesses with core competencies and expertise in technology development.

As regards the arrangement with TDB, Shri Rahul Priyadarshi, Chief General Manager, SIDBI said, “SIDBI’s emphasis is on strengthening the MSME eco-system and realizing GoI’s ideology of “Make In India” and making India “Self-reliant”. This arrangement by SIDBI and TDB will support MSMEs with respective core-competencies / expertise, with the common vision of financing MSMEs in India.