SIDBI must evolve from lender to ‘market maker’ and ‘risk-sharing’ partner: FM Sitharaman

May 25, 2026 3:38 PM

SIDBI must evolve from lender to ‘market maker’ and ‘risk-sharing’ partner: FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said the Small Industries Development Bank of India (SIDBI) must move beyond traditional lending and play a bigger role in supporting India's MSME and startup ecosystem. Addressing SIDBI's 37th Foundation Day celebrations in Mumbai, Sitharaman said the institution should emerge as a "market maker and risk-sharing partner" for small businesses and startups. "SIDBI's role must now expand from being only a lender to becoming a market maker and r...

India’s Space Ecosystem Expands as Private Investment Crosses $600 Million: Jitendra Singh

April 26, 2026 2:34 PM

India’s Space Ecosystem Expands as Private Investment Crosses $600 Million: Jitendra Singh

Union Minister Jitendra Singh on Sunday reviewed plans to establish space laboratories in universities and colleges across India, with seven such labs proposed in the first phase to provide hands-on training in satellite systems, rocketry and mission design.   The initiative aims to build a strong pipeline of skilled youth for India’s expanding space sector, which has attracted over USD 600 million in private investment over the past five years following reforms that opened the sector t...

Scheduled commercial banks, NBFCs to provide additional MSME credit of Rs 1.54 lakh cr: FM

November 10, 2024 1:41 PM

Scheduled commercial banks, NBFCs to provide additional MSME credit of Rs 1.54 lakh cr: FM

The government has set a target for all scheduled commercial banks and Non-Banking Financial Companies (NBFCs) to provide additional MSME credit of Rs 1.54 lakh crore in the current financial year (FY25). Finance Minister Nirmala Sitharaman outlined the target for total credit growth of Rs 5.75 lakh crore, Rs 6.21 lakh crore, and Rs 7 lakh crore to MSMEs in the financial years 2024-25, 2025-26, and 2026-27, respectively. At the ‘National MSME Cluster Outreach’ program in Bengaluru, organiz...