Ghaziabad, (YNS): Small Industries Development Bank of India (SIDBI) inaugurated its new branch in Kaushambi, Ghaziabad by Sh. Rahul Priyadarshi, Chief General Manager, SIDBI. During the occasion, Sh. Rahul Priyadarshi said that SIDBI has been committed for the last 34 years for the upliftment of MSME units and will continue to make every possible effort in this direction. On this occasion, Sh. Manish Sinha, Regional In-Charge, Sh. Gyanesh Kumar, Ghaziabad Branch In-Charge and many industrialists were also present. Sh. Manish Sinha said that through the new branch in Ghaziabad, we will reach out to all the MSME units of the area and provide them financial assistance and become partners in their development. Sh. Gyanesh Kumar thanked all the industrialists present and assured of prompt loan disbursement and timely service. MSMEs present in Ghaziabad, Hapur, Pilkhua, Loni and surrounding areas shall be benefitted from the new branch of SIDBI. On the day of inauguration, Ghaziabad branch handed over Loan sanction certificates to 3 MSME units by the hands of Sh. Rahul Priyadarshi, of total loan amounting to Rs. 1760 lakh, to M/s Rollz India Waste Management Pvt Ltd, Ghaziabad [Waste to Energy Processing unit], M/s Arihant Precision Tools Pvt Ltd, Ghaziabad [Auto Components manufacturing unit] and M/s Rahul Print O Pack, Okhla [Curriculum Books Printing Unit] About Small Industries Development Bank of India (SIDBI) SIDBI is the Principal Financial Institution for Promotion, Financing and Development of the MSME sector. SIDBI has been playing a significant role in developing the financial services for MSME sector through various interventions including Refinance to Banks, Credit Guarantee programs, Development of the MFI sector, Contribution to Venture capital/AIF funds, MSME ratings, promoting digital lending ecosystem, etc. The Bank has proactively been working towards Energy Efficiency (EE) in MSMEs since 2005-06 using support of multilateral institutions like World Bank, ADB, GiZ, FCDO, JICA, AFD, KfW etc. for energy efficient projects. Furthermore, SIDBI has been touching the lives of citizens across various strata of society through its integrated, innovative, and inclusive approach. Be it traditional, domestic small entrepreneurs, bottom-of-the-pyramid entrepreneurs, to high-end knowledge-based entrepreneurs, SIDBI has directly or indirectly impacted the lives of Micro and Small Enterprises (MSEs) through various credit and developmental measures.
