IIA SIDBI MOU

MoU Signing Between Indian Industries Association (IIA) and Small Industries Development Bank of India (SIDBI) for MSME Financing.
Wednesday, 09 November, 2011 at Hotel Clarks Awadh, Lucknow.

Indian Industries Association (IIA) has entered in to an agreement with Small Industries Development Bank of India (SIDBI) for providing term loan facility upto Rs. 50 Lakh to the member MSMEs of IIA.

   
 

This facility was formally launched by signing of the memorandum between IIA and SIDBI on 09 November 2011 at Hotel Clarks Awadh, Lucknow.

IIA office Bearers Welcoming the SIDBI Officials

President-IIA, Mr. Jugal Kishore Welcomes CMD SIDBI, Mr. Sushil Muhnot.
Treasurer-IIA, Mr. Ramji Seth Welcomes ED SIDBI, Mr. V. S. Rathore
General Secretary-IIA, Mr. Manish Goel Welcomes ED SIDBI, Mr. N. Raman
Former President-IIA, Mr. G. C. Chaturvedi Welcomes DMD SIDBI, Mr. N. K. Maini.

Apprising the participants about the agreement Mr. Jugal Kishore, President, IIA said that the objective of this MoU is to facilitate MSMEs in getting SIDBI loans easily and also to facilitate SIDBI in evaluation of the project proposals. He also said that the scheme can be availed by any IIA member MSME which is in existence for minimum 3 years and reaping profits since last 2 years.

President-IIA, Mr. Jugal Kishore during his address
SIDBI Official giving a presentation on SIDBI Schemes for MSMEs

Signing the MoU-Here it Goes…..!

Mr. Jugal Kishore, President-IIA and Mr. K. M. Nair, CGM-SIDBI signing the MoU
Mr. Jugal Kishore, President-IIA and Mr. K. M. Nair, CGM-SIDBI signing the MoU
Exchanging the MoU Copies
Exchanging the MoU Copies

Speaking on the occasion, Mr. Shushil Muhnot, Chairman & Managing Director, SIDBI said that association with IIA would help SIDBI reach out to the right people for their financing needs. He also stated that UP ranks first in trms of number and amount of Guarantee covered under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

Speaking on the occasion, Mr. N. K. Maini, Deputy Managing Director, SIDBI said that active association of SIDBI and IIA dates back to 2003 when SIDBI supported setting up of a Small Industry Information and Service Centre at IIA which is functioning very well now.

Mr. Manish Goel, General Secretary-IIA delivering vote of thanks at the occasion.
Immediate Past President-IIA Mr. Anil Gupta deliberating with Mr. N. K. Maini
   
CMD-SIDBI, Mr. Sushil Muhnot interacting with media
CMD-SIDBI, Mr. Sushil Muhnot interacting with media

IIA SIDBI MOU SALIENT FEATURES
SIDBI Term Loan operational guidelines
SIDBI Term Loan Application Form
GUIDELINES TO BORROWERS
DETAILS OF SIDBI BRANCH OFFICES IN UP.
CHAPTER FORWARDING LETTER FOR SIDBI ASSISTANCE
FORMAT FOR FORWARDING MEMBERS APPL. OUTSIDE MOU WD SIDBI