Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Industry News

| More

SIDBI partners with Confederation of Women Entrepreneurs to give fillip to Stand-Up India Scheme

Posted On: 2021-02-15 02:02:06 (Time Zone: Arizona, USA)

Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs), alongwith Confederation of Women Entrepreneurs of India (COWE) have launched the 'Swavalamban Sashakt - MEGA CAMPAIGN', a 20 webinar series to create Awareness Outreach & Business Opportunity Program' to give a fillip to Stand Up India (SUI) Scheme - a flagship program launched by Hon'ble Prime Minister of India Shri Narendra Modi with the objective to facilitate bank loans between Rs.10 lakh and Rs. 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one women borrower per bank branch for setting up a greenfield enterprise in manufacturing, services or the trading sector. The scheme has now been extended upto FY 2025.

Shri V. Satya Venkata Rao, Deputy Managing Director of SIDBI said, "Swavalamban Sashakt envisages to ignite the spark for business leadership in the targeted aspirant women entrepreneurs to start their entrepreneurial journey to become Swavalambi - The Job Creator as against Job Seeker. The thrust of SIDBI has always been to strengthen the MSME ecosystem. Government of Indiahas further announced relaxations in the scheme on count of lower promoter contribution and adding agri-allied activities. This is an inclusive and highly impact oriented step towards AtmaNirbhar Bharat and promoting local entrepreneurship. We are hopeful that more and more rural and unserved segments shall onboard."

While the national campaign commenced on February 3, 2021 by the hands of SIDBI DMD Shri Rao, the 2nd webinar program of Swavalamban Sashakt -MEGA CAMPAIGN was held on February 10, 2021 and the webinar series shall be held every Wednesday at 3.00 p.m. During the program, a successful SUI entrepreneur addressed the participants and called upon them to leverage the announcement in Union Budget 2021 towards reduction of the margin money requirement from 25% to 15% and inclusion of loans for activities allied to agriculture eligible under the scheme. Senior COWE functionaries and banker called upon aspirants to take advantage of these relaxations.

This webinar series is a participative interaction by all stakeholders, providing platform for awareness and genesis of business development. It is an opportunity for the invited businesses to showcase their business models, the aspiring women entrepreneurs to identify a business of choice and the financial institutions/bankers to generate business leads and guide aspirants on their expectations under Stand-Up India scheme.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Yamuna International Airport's proposed term loans rated at 'Provisional IND A-'/Stable by India Ratings

MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held

SVC Bank bags 'Best Co-op Bank in India 2020' Award at World Leadership Awards

To cash in on retail rush, brokerages shower freebies on investors

SIDBI and NSE joins hands for co-operation in various MSME related initiatives

Honda posts robust 31% growth with 4 lac+ domestic sales in Feb'21

Hyundai Motor India registers cumulative sales of 61,800 Units in Feb'21

SIDBI joins hands with Government of Andhra Pradesh for the Development of MSME ecosystem in the State

Bauxite Average Sale Price (ASP) needs correction for Indian Aluminium to be competitive

Fino Payments Bank is now a scheduled bank

UST Acquires ServiceNow Business from abhra, Inc.

First batch of Sputnik V vaccine delivered to Mexico

Fino Payments Bank to on board 10000 women from SHGs as banking agents in Uttar Pradesh

Liberty General Insurance Rolls Out AI-based Automated Car Inspections

Ageas Federal Life Insurance launches its Life Advantage Plus Plan

Star Health Insurance partners with PhonePe to offer Digital Health Insurance

Universal Sompo General Insurance Company Limited ties up with Saptagiri Grameena Bank

Tata Housing launches 'The Grand Indian Home Festival'

LANXESS increases prices for engineering plastics

AMP Capital establishes energy transmission platform in India with Sterlite Power

First-of-its-kind cradle that enables babies to have uninterrupted sleep

NASSCOM and BIRAC launches 'JAN-Care', a Nationwide Challenge to Scale Healthtech Innovation

LANXESS increases prices for 1,6-hexanediol

Fincare Small Finance Bank partners with Go Digit Insurance

Fincare Small Finance Bank signs a MoU with National Housing Bank for PMAY

S. P. Retail Brands Ltd. acquires UK based Kidswear brand Angel & Rocket

ESAF Small Finance Bank net profit grows by 41.09%

SIDBI's Standup Mitra Portal set up under GOI's Stand-Up India scheme reaches over 96,000 loan sanctions

Shriram General Insurance to strengthen business using Digital channels

Bharti AXA Life Insurance launches Bharti AXA Life Wealth Pro

SIDBI and CRIF India collaborate to introduce sector-based insight reports 'Industry Spotlight'

SIDBI joins hands with Government of Gujarat for the Development of MSME ecosystem in the State

FAITH asks Anti-competitive travel tax TCS to be withdrawn

ESAF Small Finance Bank Announces Fintech Conclave 2020

Micro ATM is a game changer in India - Says RapiPay

ClearTax amongst 20 Indian startups in CB Insights' World's Most Promising Fintech list

Liberty General Insurance Receives INR 100 Crore Capital Infusion from Promoter Group

SIDBI and TransUnion CIBIL launch MSMESaksham

Tata AIA appoints Naveen Tahilyani as Chief Executive officer and MD

Sharekhan just went Bollywood ! Launches MoneyFLIX, World's First Financial Movies Platform

Angel Broking becomes 4th largest brokerage house in the country based on active clients at the NSE

IL&FS board upgrades estimates of debt addressed to over Rs. 57,000 crore

Upstox Registers 1 Million Customers; Aims to Double by December 2020

Reliance Securities launches new referral programme to provide enhanced digital experience to customers

RankMF Launches India's First Mutual fund Portfolio Sanitization Tool: SmartSwitch

Blue Ashva Capital announces initial close of SME focused India Fund

Convergent Finance LLP announces USD14.1 mn investment in Jyoti International Foods

Angel Broking records highest monthly client addition of 1Lakh +

Universal Sompo General Insurance Company Limited has announced the appointment of Sharad Mathur as its Managing Director & CEO

Sonalika Tractors Records 18.6% Overall Sales Growth in May'20

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020