SIDBI joins hands with Incuspaze to open coworking space for MSMEs and startups:28.8.2019

SIDBI (सिडबी) joins hands with Incuspaze to open coworking space for MSMEs and startups

Points to Remember:

  • SIDBI joins hands with Incuspaze to open coworking space for MSMEs and startups
  • In a bid to enhance the business ecosystem for MSMEs and startups, Small Industries Development Bank of India (SIDBI) has partnered with Incuspaze Solutions Private Limited (Incuspaze) to open a first-of-its-kind coworking space exclusively designed for MSMEs and startups.
  • The coworking space, called @Workspaze is located at 1, Tolstoy Marg, Connaught Place, New Delhi.
  • The initiative that intends to be a market-maker for its segment is only 50 meters away from Barakhamba Metro Station.
  • Under this arrangement, an MSME accelerator programme is proposed to be started shortly by SIDBI for the MSMEs and startups who will set up their offices in @Workspaze.

About SIDBI (Small Industries Development Bank of India):

  • Small industrial Development Bank of India (SIDBI) is a development financial institution in India
  • SIDBI is one of the four All India Financial Institutions regulated and supervised by the Reserve Bank; other three are EXIM Bank, NABARD and NHB.
  • Its purpose is to provide refinance facilities and short term lending to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector.
  • Formed: 2 April 1990
  • Headquarters: Lucknow, Uttar Pradesh, India
  • Chairman and Managing Director: Mohammad Mustafa, IAS
Important Possible questions based on above News:
  1. Recently, SIDBI has partnered with whom to open a first-of-its-kind coworking space for MSMEs and startups? Incuspaze Solutions Private Limited (Incuspaze)
  2. Who is the current Chairman and Managing Director of SIDBI (Small Industries Development Bank of India)? Mohammad Mustafa

NO COMMENTS:

Your email address will not be published. Required fields are marked *