Finance

SIDBI To Provide Funding to MSMEs through Banks & NBFCs

"We are working towards helping MSMEs survive the crisis created due to the COVID-19 pandemic. Keeping the current situation in mind, we were provided a special liquidity window of Rs 15,000 crore by the Reserve Bank of India (RBI) to enable MSMEs to tide over their liquidity crunch. The funds will be channelized to MSMEs through eligible banks, NBFCs and MFIs," Sidbi's chairman and managing director Mohammad Mustafa said in a release.