Dehradun, July 19 (IANS) The CBI on Sunday arrested a man for impersonating an official of the Department of Animal Husbandry and Dairying, Krishi Bhawan, New Delhi, and demanding bribes from loan applicants, an official said. Prabhu Dayal was impersonating an official named Rishi Gupta and trying to collect a bribe of Rs 45,000 from a poultry farm owner in Uttarakhand, the Central Bureau of Investigation (CBI) said in a statement.After the arrest from his native village in Agra, Prabhu Dayal wa…
Latest SIDBI News & Updates
Guwahati, July 17 (IANS) More than 100 military veterans from across the Northeast participated in an entrepreneurship workshop in Guwahati on Friday, aimed at equipping ex-servicemen with the skills and institutional support needed to build successful businesses after retirement from the armed forces, officials said. The workshop was organised by the North East Region (NER) Chapter of the PHD Chamber of Commerce and Industry (PHDCCI) to encourage veterans to transition from military service to …
New Delhi, July 3 (IANS) India must strengthen domestic carbon markets and green finance and help micro, small and medium enterprises meet compliance costs as the European Union’s Carbon Border Adjustment Mechanism (CBAM) reshapes export competitiveness, industry experts said on Friday.An event organised by the PHD Chamber of Commerce and Industry (PHDCCI), here drawing senior government officials, industry leaders and experts to discuss CBAM readiness and industrial decarbonisation.Experts in…
New Delhi, July 3 (IANS) Business loans to individual entrepreneurs grew faster than those to commercial entities over three years even as outstanding commercial credit rose to Rs 65.8 lakh crore, up 14 per cent YoY, a report said on Friday.The report from TransUnion CIBIL and SIDBI said loans to individuals accounted for 28 per cent of outstanding commercial balances while loans to entities made up 72 per cent.Individual borrower balances grew 1.8 times during the three-year period between Marc…
New Delhi, June 26 (IANS) MSMEs today play a pivotal role in driving India’s economic growth and industrial development and the sector contributes about 31.1 per cent in GDP, 35.4 per cent in manufacturing output and 48.58 per cent in exports (as per January 2026), an official fact-sheet said on Friday ahead of the World MSME Day.With more than 38.9 crore people employed, MSMEs are the second-largest source of employment after agriculture.The United Nations has designated June 27 as Micro, Small…
Mumbai, May 25 (IANS) Finance Minister Nirmala Sitharaman said on Monday that India’s economy continues to show resilience amid global uncertainty, and came out strongly against attempts to paint a “pessimistic and cynical narrative” that presents an inaccurate picture of the country’s growth trajectory.Addressing the SIDBI foundation day event here, FM Sitharaman pushed back against concerns around India’s economic trajectory. “India cannot afford fear mongering that damages public conf…
New Delhi, April 29 (IANS) The Ministry of Heavy Industries held a high-level meeting on Wednesday to deliberate on financing mechanisms required to accelerate the adoption of electric buses and trucks in the private sector.Officials at the meeting, chaired by Heavy Industries Secretary Kamran Rizvi, discussed the financing challenges for the adoption of e-buses and e-trucks, the current status of financing these heavy vehicles, and potential solutions to address the challenges, as well as the g…
New Delhi, April 26 (IANS) India’s space sector has witnessed over $600 million in private investment in the last five years, Union Minister of State Dr. Jitendra Singh said on Sunday while reviewing initiatives to strengthen the country’s space ecosystem.During a high-level review, Singh assessed plans to establish space laboratories in universities and colleges across India, with seven such labs set to be launched in the first phase.These labs aim to provide students with hands-on exposure…
New Delhi, April 2 (IANS) India’s small business credit ecosystem maintained stable momentum in the December 2025 quarter, with total credit exposure rising 14.9 per cent year-on-year to Rs 47.8 lakh crore, a report showed on Thursday.The joint analysis by the CRIF and the SIDBI highlighted that sole proprietors continued to anchor the small business lending space, accounting for nearly 80 per cent of total portfolio outstanding.Pure sole proprietors accounted for 62.5 per cent of active loans a…
New Delhi, Feb 24 (IANS) A year-on-year analysis of the MSME Business Confidence Index (M-BCI) for the October-December 2025 quarter, at both composite and sectoral levels, indicates an improvement over the last one-year period despite the global risks as the domestic macroeconomic environment has offered strong support, according to a SIDBI outlook survey released on Tuesday.Availability of working capital finance and overall finance recorded the strongest improvement; sales and overall busines…