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Posted By on 08/14/2018

ESDS is proud to be Indian government’s digital partner in empowering MSMEs

ESDS is proud to be Indian government’s digital partner in empowering MSMEs

With a view to enlarge its footprint in delivery of products and services in MSME eco-system, a series ofdigital initiatives involving various portals such as sidbi.in,startupmitra.in, cgtmse.in, mudra.org.in and udyamimitra.in has been launchedby SIDBI in the recent past. ESDSis proud to be associated with these initiatives… 

SIDBI 

Small Industries Development Bankof India (SIDBI) set up on 2nd April 1990 under an Act of IndianParliament, acts as the Principal Financial Institution for Promotion,Financing and Development of the Micro, Small and Medium Enterprise (MSME)sector as well as for co-ordination of functions of institutions engaged insimilar activities. 

Stand-Up India 

Stand-Up India scheme aims atpromoting entrepreneurship among women and scheduled castes and tribes. Thescheme is anchored by Department of Financial Services (DFS), Ministry ofFinance, Government of India. It facilitates bank loans between Rs 10 lakh andRs 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST)borrower and at least one-woman borrower per bank branch for setting up agreenfield enterprise. 

Mudra Loans 

Pradhan Mantri MUDRA Yojana(PMMY) is a scheme forproviding loans up to 10 lakh to non-corporate, non-farm small/microenterprises. These loans are classified as MUDRA loans under PMMY. These loansare given by Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks,MFIs and NBFCs. The borrower can approach any of the lending institutionsmentioned above or can apply online through this portal. 

CGTMSE 

Availability of bank creditwithout the hassles of collaterals/third party guarantees is a major source of supportto the first generation entrepreneurs to realize their dream of setting up aunit of their own Micro and Small Enterprise. Keeping this objective in view,MSME ministry launched Credit Guarantee Scheme to strengthen credit deliverysystem and facilitate flow of credit to MSE sector. To operationalize thescheme, Government of India and SIDBI set up the Credit Guarantee Fund Trustfor Micro and Small Enterprises (CGTMSE). 

Udyami Mitra 

SIDBI Udyami mitra is an enabling platform whichleverages IT architecture of Stand-Up Mitra portal and aims at instilling easeof access to MSMEs financial and non-financial service needs. The portal, as avirtual market place, endeavors to provide ‘End to End’ solutions not only forcredit delivery but also for the host of Credit-plus services by way of handholding support, application tracking and multiple interface with stakeholders.

About US:

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