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prelims Test Series 2019
बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
500 Million Dollar World Bank Loan for MSME Growth Innovation and Inclusive Finance Project
Apr 01, 2015

The Loan Agreements for World Bank assistance of 500 million dollar to Small Industries Development Bank of India (SIDBI) for MSME Growth Innovation and Inclusive Finance Project was signed in New Delhi between Government of India and the World Bank.

  • The objective of the project is to improve access to finance of Micro, Small and Medium Enterprises (MSME) in manufacturing and service sectors from early to growth stage, including through innovative financial products.

  • The project also aims to support growth and employment creation through unlocking opportunities for firm growth that the financing would provide. 

  • Funded MSMEs will be the primary beneficiaries. 

  • MSMEs for the purpose of this project will be firms that are considered as MSMEs under the MSME Act.

  • The project specifically benefits SIDBI by enhancing its financial and institutional capacity in the areas of early stage, service and manufacturing sector financing, and also supports other Participating Financial Institutions. 

The project will have three components:

  1. Spurring Early Stage and Risk Capital Finance

  2. Supporting service sector financing models 

  3. Supporting finance to manufacturing MSMEs 

  • It is a loan with an implementation period of 5 years. 

  • SIDBI is the implementing agency.

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