TDB-SIDBI MoU to boost Indian MSMEs through tech-focused financing

Both have entered into a credit alliance, wherein TDB and SIDBI will refer additional funding needs of companies they have previously funded to each other.

With dedicated key contacts, both organisations will streamline coordination for seamless referral exchange. TDB and SIDBI will also provide financial support to eligible MSMEs, following their respective policy guidelines, an official release said.

The collaboration extends beyond financial support, with the parties also planning joint outreach and marketing activities to promote the initiative and reach a wider audience.

ALCHEMPro News Desk (DS)