Mumbai
Union Finance Minister Nirmala Sitharaman on Monday said that standard products cannot serve non-standard businesses as the minister urged the Small Industries Development Bank of India (SIDBI) to redesign lending models according to the unique business cycles of MSMEs and startups. Addressing an event here, the Finance Minister said SIDBI’s role must expand beyond that of a lender to becoming a market maker and risk-sharing partner for India’s MSME ecosystem. SIDBI’s role must now expand from being only a lender to becoming a market maker and risk-sharing partner for India’s MSME and startup ecosystem, FM Sitharaman stated.
