Ministry of Micro,Small & Medium Enterprises

Udyami Mitra Portal

Posted On: 27 DEC 2017 3:54PM by PIB Delhi

Small Industries Development Bank of India (SIDBI) has launched the ‘Udyami Mitra’ Portal ( to improve accessibility of credit and handholding services to Micro, Small and Medium Enterprises (MSMEs).

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.

This Press Release is based on information given by the Minister of State for MSME Shri Giriraj Singh in a written reply to a question in Rajya Sabha  on 27.12.2017(Wednesday)




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