udyami-mitra-portal

 

Udyami Mitra' Portal 

Launched by

Small Industries Development Bank of India (SIDBI)

Objective

To improve accessibility of credit and handholding services to Micro, Small and Medium Enterprises (MSMEs)

Details

Scheduled Commercial Banks (SCBs) have been advised to ensure a target of 7.5% of Adjusted Net Bank Credit (ANBC) for Micro Enterprises, that collateral security is not required for loans upto Rs. 10 lakh to MSE sector, a simplified working capital requirement for MSEs.