SIDBI launches MSMESaksham portal

Reported by: |Updated: August 1, 2020

SIDBI has joined hands with credit information bureau TransUnion CIBIL to launch MSMESaksham, a comprehensive financial education and knowledge platform for MSMEs, as part of its plan to support the revival of India’s economy and strengthen MSMEs. MSMESaksham is a one-stop knowledge portal that guides MSMEs seeking seamless and quick access to finance while also supporting entrepreneurs towards managing their credit obligations. Mohammad Mustafa, Chairman and Managing Director, SIDBI, said as MSMEs are gearing up to emerge out of present challenges, SIDBI realizes its crucial role of being harbinger of reliable and trustworthy information and seamless credit access. MSMESaksham will empower MSMEs by making them financially aware and loan-ready so that timely and affordable financial support is realized, he added. He said this aligns with SIDBI’s Mission Swavalamban wherein it is targeting youths to imbibe entrepreneurship culture. MSMESaksham being a digital platform aims to facilitate and strengthen credit information availability for MSMEs, pan India, he said. Rajesh Kumar, Managing Director and CEO of TransUnion CIBIL, said with the launch of MSMESaksham, TransUnion CIBIL will strengthen its commitment to empower MSMEs and help develop a productive ecosystem conducive for resurgence and sustained growth of the sector. MSMESaksham is available in English and Hindi, has a consolidated list of all Government of India and state government schemes and interventions launched to help MSMEs and offers business insights and MSME resources showcase credit trends and regional insights



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