In a landmark decision, the Union Cabinet has approved a massive Rs 5,000 crore equity infusion into the Small Industries Development Bank of India (SIDBI), designed to dramatically expand credit availability for MSMEs across the country. This strategic move aims to scale up the number of MSME beneficiaries from the current 76 lakh to an ambitious 102 lakh by FY28, unlocking an additional lending capacity exceeding Rs 3 lakh crore. The infusion is expected to catalyze job creation, spur innovation, and support micro-enterprises in scaling operations, especially in underserved regions, reinforcing the government’s commitment to financial inclusion and economic resilience amid global uncertainties.
Cabinet Approves Rs 5,000 Cr Equity Infusion for SIDBI to Supercharge MSME Credit Access
