Ministry of Corporate Affairs

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Union Minister of Finance and Corporate Affairs @nsitharaman will be present as the Chief Guest ar @sidbiofficial Foundation Day programme in Mumbai today 📡 LIVE | To begin shortly 🎥youtube.com/live/A02FbIyN-…

Watch LIVE: Smt @nsitharaman's address at the SIDBI Foundation Day Programme in Mumbai, Maharashtra twitter.com/i/broadcasts/1…

Key Initiatives formally launched by Smt. @nsitharaman to strengthen India’s MSME ecosystem - - SIDBI-RRB Co-Lending Platform will enhance MSME credit penetration in semi-urban and rural areas. It will enable MSME funding through a digital joint lending model, combining SIDBI’s MSME expertise and digital capabilities with the grassroots reach of RRBs for seamless credit delivery. - Modernization of Rural Enterprises (MoRE) Programme is a cluster-based intervention that provides credit and credit-plus support to modernize processing, improve quality standards, and enhance market access for rural enterprises engaged in non-farming activities. It will support rural enterprises such as jaggery units, oil expellers, pottery units, flour mills, and brass artisans. - Micro Credit Card Scheme for Micro Enterprises: Udyam-registered micro enterprises can access revolving credit of up to ₹5 lakh, backed by 75% guarantee coverage and without mandatory primary security. This will help shopkeepers, small manufacturers, and micro entrepreneurs who need timely working capital. - SIDBI MSME Exchange – Machinery Portal is a digital public-oriented platform designed to accelerate MSME growth by integrating machinery discovery with institutional financing within a unified, technology-driven ecosystem. The platform integrates OEM access with SIDBI’s financing support to accelerate MSME capital investment.

Key Initiatives formally launched by Smt @nsitharaman to strengthen India’s MSME ecosystem - - SIDBI-RRB Co-Lending Platform will enhance MSME credit penetration in semi-urban and rural areas. It will enable MSME funding through a digital joint lending model, combining SIDBI’s MSME expertise and digital capabilities with the grassroots reach of RRBs for seamless credit delivery. - Modernization of Rural Enterprises (MoRE) Programme is a cluster-based intervention that provides credit and credit-plus support to modernize processing, improve quality standards, and enhance market access for rural enterprises engaged in non-farming activities. It will support rural enterprises such as jaggery units, oil expellers, pottery units, flour mills, and brass artisans. - Micro Credit Card Scheme for Micro Enterprises: Udyam-registered micro enterprises can access revolving credit of up to ₹5 lakh, backed by 75% guarantee coverage and without mandatory primary security. This will help shopkeepers, small manufacturers, and micro entrepreneurs who need timely working capital. - SIDBI MSME Exchange – Machinery Portal is a digital public-oriented platform designed to accelerate MSME growth by integrating machinery discovery with institutional financing within a unified, technology-driven ecosystem. The platform integrates OEM access with SIDBI’s financing support to accelerate MSME capital investment.

Smt @nsitharaman attended the SIDBI Foundation Day Programme in Mumbai, Maharashtra. Shri Sanjay Lohia, Special Secretary, @DFS_India, and Shri Manoj Mittal, Chairman & Managing Director, SIDBI (@sidbiofficial), were also present. During the event, several key initiatives were launched, including: - SIDBI-RRB Co-Lending Platform - Modernization of Rural Enterprises (MoRE) - SIDBI MSME Exchange (Machinery Portal) - Micro Credit Card Scheme for Micro Enterprises

Watch: Smt @nsitharaman's full address at the SIDBI Foundation Day Programme in Mumbai, Maharashtra youtu.be/l83GAu0ee8c @PIB_India @MIB_India @FinMinIndia @MCA21India

MSMEs contribute about 35% of manufacturing, 48% of exports and 31% of GDP with over 7.47 CR entrepreneurs and they employ over 32 crores people in this country. In January, 2026 the Union Cabinet approved an additional equity support of Rs. 5,000 crores to SIDBI. It will enable SIDBI to strengthen its balance sheet and add 25 lakh new MSME beneficiaries by the year 2028. - Smt @nsitharaman in Mumbai (1/n)

By improving SIDBI's capital, we're ensuring that the institution can raise lower-cost funds and pass that benefit on to small entrepreneurs through wider, cheaper and more accessible credit. Under Hon'ble Prime Minister Shri @narendramodi's guidance, institutions are getting very clear vision for future. It brings greater clarity for the entire SIDBI team They're getting a target, they're getting the money & they're getting the government's vision put forth because all of us have confidence in SIDBI. - Smt @nsitharaman in Mumbai (2/n)

SIDBI's role must now expand from being only a lender to becoming a market maker and risk-sharing partner for India's MSME and startup ecosystem. I also expect SIDBI to deepen the venture capital debt market for startups so that innovative enterprises have access to patient, flexible and growth-oriented capital. - Smt @nsitharaman in Mumbai (3/n)

My message to SIDBI and to every banker here is that standard products cannot serve non-standard businesses. - A farmer linked enterprise does not earn every month - A resort does not earn evenly through the year - A government exporter waits for payment after shipment - A small auto component supplier waits for invoice clearance - A woman entrepreneur may have regular transactions yet no property in her name Then why should all of them be given the same repayment structure? This is where SIDBI must lead. Credit must be designed around the business cycle of the enterprise. - Smt @nsitharaman in Mumbai

Today's launches by SIDBI are tailored to address the real needs of the MSMEs. The real needs such as easier credit, better machines, modern technology, rural enterprise support and also stronger market linkages. So, with all these kept in mind, SIDBI has come about with some specific tailormade approaches which can help the beneficiaries or the MSMEs. - Smt @nsitharaman in Mumbai

Everything the Government has announced — the equity infusion, the doubled guarantee cover, the SME Growth Fund, the TReDS reforms, the classification reform, the Corporate Mitras, the credit cards, the Stand-Up scheme — every one of those instruments exists to answer a single question: how does India's MSME owner grow her enterprise without being held back by the cost of capital, the weight of compliance, or the gap between her and the customer? - Smt @nsitharaman in Mumbai (1/n)

To every MSME owner in this room - Government is building the rails. SIDBI isbeing asked to build the imaginative products that run on them. Our banks and our RRBs will carry them the last mile. The job of the MSMEs is to build, to hire, to export, to innovate. We're here to support you. - Smt @nsitharaman in Mumbai (2/n)

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