With an aim to educate stakeholders in the small and medium enterprises (SME) ecosystem and have information on coronavirus-related initiatives for the sector, Small Industries Development Bank of India (SIDBI) is going to launch a digital platform.
The platform, 'India SME Services Platform', designed by SIDBI, will give micro, small and medium enterprises (MSMEs) information about starting operations, getting finance or credit enhancement and other support services.
The platform will have a webpage encompassing a dashboard of all schemes being implemented by the central government, state governments, banks and industry associations. The government can also monitor actions on policies, schemes and programmes for the sector.
Even the regulators can tap macroeconomic trends, compliances, risk management and systemic aspects through the platform. It will give financiers an opportunity to look for marketplace, documentation support and loan management. Even industry associations can avail of window for insights and analytics, partnerships and directory.