The Small Industries Development Bank of India (SIDBI) introduces an initiative to support small Non-Banking Financial Companies (NBFCs) in accessing crucial funding opportunities.
Partnership with Global Alliance for Mass Entrepreneurship and FIDC
This ambitious program is conducted in collaboration with the global alliance for mass entrepreneurship and the national NBFC lobby, known as the Finance Industry Development Council (FIDC).
Empowering Small NBFCs
SIDBI aims to empower small NBFCs by implementing strategic interventions to enhance their eligibility for institutional funding. This process is guided by a comprehensive evaluation criteria.
To kickstart this initiative, SIDBI has enrolled 18 small NBFCs as the first cohort of participants.
The Growth Accelerator Programme spans over a duration of five months, during which participating NBFCs will undergo a transformation to become more attractive candidates for funding.
About the Initiative
This program serves as a significant step towards fostering growth and development in the small NBFC sector.
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