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New Business Development services programme by SIDBI

Aug 12, 2021
New Business Development services programme by SIDBI

Delhi

The bank has come up with Cluster Development Fund and a focused vertical for MSME clusters’ centric programmes. The bank also said that it is working on both hard and soft infrastructure. This will strengthen the clusters to evolve as model clusters and it will also increase MSMEs’ access to services.

According to Ravindra Kumar Singh, General Manager and Head- Promotion and Development, SIDBI, hard and soft infrastructures are the two main aspects of the cluster. The bank has come up with a cluster development find with the help of the Reserve Bank of India that will mainly cater to the hard infrastructure side of the cluster. He also said that the bank has also launched the Business Development Services Intervention programme in five clusters that will mainly cater to the soft side of the cluster.

Source – Financial Express

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