The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with Rajasthan Government to provide financial, technical, marketing and export support to Micro, Small and Medium Enterprises (MSMEs) in the state.
The Rajasthan government ties up with the Small Industrial Development Bank of India (SIDBI) in order to create newer avenues and growth opportunities for MSME units across the state.
Small Industries Development Bank of India(SIDBI) will provide emergency working capital of Rs. 1 Crore to Micro, Small and Medium Enterprises (MSMEs).
This amount will be provided at an interest rate of 5% within 48 hours under the SIDBI Assistance to Facilitate Emergency response against Coronavirus (SAFE).