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Nabard, Sidbi tie up with SCIR-CFTRI

Nabard and Sidbi are collaborating with CSIR-CFTRI to identify potential food entrepreneurs seeking funds for technology transfer. The key objective of the initiative is to provide a revolving fund that is continually replenished as withdrawals are made. There are also options of soft loans with an interest rate of 5% to enable MSMEs set up businesses and grow. SIDBI has created a pool of mentors to advise MSMEs on how to access funds and generate business growth with return on investment. Concepts like revolving funds scheme help food and agri entrepreneurs to achieve sustainability. There are also advisories on energy efficiency, which is a critical cost-saving component in agri and food processing businessn agri entrepreneurs is seen to have an ideal access for the necessary financial capital.

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