Chennai: In order to ease credit access, Small Industries Development Bank of India (SIDBI) is set to launch India SME Services Platform.
This will be an initiative for digitising inclusive access to enterprise ecosystem.
As physical distancing shall continue along with business operations post Covid-19, Micro, Small and Medium Enterprises (MSME) need to gear up to deploy and imbibe digital payment tools, digital lending platforms and digital banking, said a statement.
Mohammad Mustafa, IAS, Chairman and Managing Director of SIDBI said, “SIDBI has shaped the design of India SME services platform which shall be a single digital platform to educate, improve access and monitor all Covid-19 related initiatives. It shall have all MSMEs, stakeholders of the MSME ecosystem, financiers, corporates, government, regulators, employees and associations converging on an interactive platform. This will be all at one place and one place for all kind of initiative.”