Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2012-09-03

KfW to extend Euro 53 mn to SIDBI

The Loan Agreement between Kreditanstalt fur Wiederaufbau (KfW), Germany and Small Industries Development Bank of India (SIDBI) for Fifty Three million Euro (Euro 53,000,000) for the Micro, Small and Medium Enterprises (MSMEs) Innovation Finance Programme

The Loan Agreement between Kreditanstalt fur Wiederaufbau (KfW), Germany and Small Industries Development Bank of India (SIDBI) for Fifty Three million Euro (Euro 53,000,000) for the Micro, Small and Medium Enterprises (MSMEs) Innovation Finance Programme has been signed by Sushil Muhnot, Chairman and Managing Director, SIDBI and Mr Oskar von Maltzan, Director, KfW.

The MSME Innovation Finance Programme seeks to promote an environment conducive to the development and diffusion of innovations, particularly those relating to clean technologies, with the overall objective of fostering ecologically sustainable development in India and to global environment and climate protection. Specifically, the Innovation Finance Programme seeks to (a) support MSMEs and other entities engaged in the development and diffusion of innovative clean technologies and (b) catalyze the development of financing instruments specifically tailored to the requirements of innovative MSMEs. The assistance will be provided by SIDBI in the form of loan / risk capital assistance / quasi equity products specifically tailored to meet the needs of innovative MSMEs.

SIDBI has been at the forefront in implementing energy saving/efficiency and clean environment investment in the MSME sector in India. With the emphasis being placed on environmental aspects, a special line of credit for Innovation Finance in the sphere of clean technology assumes significance and could be a precursor to a series of initiatives to promote innovation and sustainable development in India.

Related opportunities
  • Bakery & Confectionary
    Bangalore’s first exclusive waffle store. Waffle Stories was opened in..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Preschools
    About:  Sheetal Kids is a venture of Sheetal Academy- a well-established..
    Locations looking for expansion Maharashtra
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Furniture/Home Decor & Furnishing
    About:Anemos is a decorated name in interior décor industry of..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 1000 - 2500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Laziz set to open 100 stores across India in 2017 LAZIZ ..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 300-500 Sq Ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolhapur Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities