Small Industries Development Bank of India (SIDBI) in association with TransUnion CIBIL has launched MSMESaksham – a comprehensive financial education and knowledge platform for Micro, Small and Medium Enterprises (MSMEs).
MSMESaksham aims to guide MSMEs across their credit lifecycle, from availing credit to start and grow their businesses, to managing credit lines to sustain and build structural strength of the business, as well as ensuring timely closures and renewals of credit facilities.
”SIDBI and TransUnion CIBIL launch MSMESaksham – a one-stop knowledge platform for MSMEs. This one-stop knowledge portal will guide MSMEs seeking seamless and quick access to finance while also supporting entrepreneurs in managing their credit obligations,” tweeted TransUnion CIBIL on Thursday.
Focused on two key pillars of financial knowledge and access to credit, MSMESaksham leverages SIDBI’s extensive network of MSMEs as well as information and insights from TransUnion CIBIL to create an educational ecosystem that can help build structurally strong MSMEs.
“As MSMEs are gearing up to emerge from present challenges, we realize our crucial role of being a harbinger of reliable and trustworthy information and seamless credit access. SIDBI is happy to partner with TransUnion CIBIL in empowering MSMEs by making them financially aware and loan-ready so that timely and affordable financial support is realised,” Mohammad Mustafa, IAS, Chairman and Managing Director, SIDBI.
“This aligns with our Mission Swavalamban wherein we are targeting youths to imbibe entrepreneurship culture. MSME Saksham being a digital platform aims to facilitate and strengthen credit information availability for MSMEs, pan India,” he added.