Centre To Allocate Corpus To SIDBI To Run Secondary Deal Fund: Report

The Centre plans to allocate a corpus to SIDBI to manage a secondary deal fund, according to reports. This move is aimed at enhancing the availability of financing for small and medium enterprises (SMEs), which often face difficulties accessing capital. SIDBI, as the designated entity, will manage the fund to provide financial support to SMEs for expansion and growth. The initiative is expected to bolster the government’s efforts to promote entrepreneurship and economic growth within the SME sector. It also reflects the Centre’s focus on enhancing financial inclusion and support for smaller businesses.