Small Industries Development Bank of India (SIDBI), the principal financial institution for promoting, financing and development of MSMEs and startups, and Bank of Baroda (BOB), one of India’s leading public sector banks, today signed an Memorandum of Understanding (MoU) to jointly enhance credit flow, expand working capital access, and strengthen financial support for MSMEs and startups across India in line with the vision of Viksit Bharat 2047.
The MoU for the partnership was signed in the presence of Shri M. Nagaraju, IAS, Secretary, Department of Financial Services (DFS), who graced the occasion as Chief Guest. Shri Manoj Ayyappan, JS, DFS, Shri Manoj Mittal, CMD SIDBI, Shri Lalit Tyagi and Shri Lal Singh, Executive Directors, Bank of Baroda and other senior leadership from Banks and FIs participated in the ceremony.
