June 1, 2023: Almaty, Kazakhstan: Small Industries Development Bank of India (SIDBI), the country’s Principal financial institution for MSMEs, received two awards at the 46th ADFIAP Annual Meetings in Almaty, Kazakhstan.
The annual ADFIAP Awards celebrate member institutions that have made remarkable contributions to development in various areas. These prestigious awards acknowledge projects that have positively impacted the environment, small and medium enterprises, infrastructure, technology, trade, local economy, corporate governance, and corporate social responsibility.
Under the Outstanding Development Projects Awards of the Association, SIDBI was awarded in two categories.
SIDBI launched the Cluster Development Fund (SCDF) to provide low-cost funds to State governments to create and upgrade hard MSME infrastructure. The purpose of said fund is holistic in nature covering nearly all segments of MSME cluster development.
Shri Sudatta Mandal, DMD, SIDBI along with Shri Sanjay Jain, CGM SIDBI accepted the awards.
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