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Goyal said in Lok Sabha that the FFS with corpus of Rs 10,000 crore will meet the funding needs of startups. (Photo: Representational)

254 startups get Rs 1,700 cr investment from Alternative Investment Funds

Commerce Minister Piyush Goyal said these funds have raised a corpus fund of Rs 25,728 crore.

24 Jul 2019 2:40 PM

The bank is expects a write back of around Rs 1,800 crore from the Essar Steel account.

BoI to raise Rs 400-500 cr from non-core asset sale this month

The bank had also earlier planned to raise around Rs 800 crore by selling stake in STCI Finance and Sidbi.

14 Mar 2019 3:14 PM

According to the Crisidex survey, undertaken by Crisil and the dedicated arm for small businesses financier Sidbi, said a special score moved up to 128 during the reporting quarter from 124 in the preceding quarter and 107 from the year-ago period. (Photo: File)

Crisil-Sidbi survey claims improvement in MSME sentiment in Q3

Interestingly, the RBI, persuaded by the government, announced a special relief package of loan recast (up to Rs 25 crore) for MSMEs.

23 Feb 2019 11:38 AM

The funds will be used for lending to individual women entrepreneurs in sectors such as agriculture, food processing, services and manufacturing. (Photo: File)

WB, Sidbi, UN arm, Tatas launch Women's Livelihood Bonds

The fund to be raised through this bond will be around Rs 300 crore in multiple tranches over the next three months.

20 Feb 2019 10:50 AM

State-run Bank of India (BoI) on Friday invited bids for sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services.

Bank of India invites bids for stake sale in 3 associate companies

BoI said it was looking to raise nearly Rs 1,000 crore through stake sale.

21 Sep 2018 2:03 PM

The government said on Monday that the allocation to SIDBI out of Funds of Funds for Startups (FFS) has come down to Rs 100 crore in FY17 from Rs 500 crore in the previous fiscal.

Allocation to SIDBI out of startup funds down at Rs 100 cr in FY17

The government had established Rs 10,000 crore FFS to meet the financial needs of startups.

23 Jul 2018 3:33 PM

Sidbi has charted a plan to promote micro enterprises in 115 aspirational districts across the country to contribute in their development.

SIDBI to focus on 115 aspirational districts, promote micro enterprises

The bank has tied up with Common Service Centre (CSC) to meet this objective.

10 Apr 2018 5:30 PM

A new step forward in commencing Bancassurance services for MSMEs was taken. (Photo: ANI)

SIDBI launches virtual assistant, bankability kit to assist MSMEs

A Bankability Kit, brought in partnership with Bank of Baroda and IDBI Bank

02 Apr 2018 4:34 PM

Sidbi was originally 100 per cent owned by IDBI.

IDBI Bank sells 1 per cent stake in Sidbi

IDBI Bank had said it plans to dilute stake in some non-core businesses to shore up capital base.

25 Sep 2017 5:39 PM

The finance ministry has already concluded interviews of 32 candidate for the post of managing directors. (Representational Image)

Heads of Exim Bank, IFCI, 2 others to be appointed by mid-July

Applications from the eligible candidates were invited on March 20 for IFCI and IIFCL.

27 Jun 2017 5:35 PM

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