FM Nirmala Sitharaman Urges SIDBI to Strengthen India’s MSME & Startup Ecosystem

Finance Minister Nirmala Sitharaman on Monday said the Small Industries Development Bank of India (SIDBI) must move beyond traditional lending and play a bigger role in strengthening India’s MSME and startup ecosystem.

Addressing SIDBI’s 37th Foundation Day celebrations in Mumbai, Sitharaman said the government has launched several initiatives to help MSME entrepreneurs expand their businesses without facing the burden of high capital costs and complex compliance requirements.

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