New Delhi, May 26 -- Union Finance Minister Nirmala Sitharaman on Monday launched a series of initiatives aimed at expanding credit access, supporting rural enterprise modernisation, and deepening financial infrastructure for micro, small and medium enterprises (MSMEs) at the Foundation Day event of the Small Industries Development Bank of India (SIDBI) in Mumbai.

Key Initiatives Launched

Among the new initiatives, Sitharaman launched the SIDBI-RRB Co-Lending Portal, a digital joint lending platform. The platform combines the MSME financing expertise of SIDBI with the grassroots reach of Regional Rural Banks (RRBs) to improve credit access in semi-urban and rural areas.

The other initiatives unveiled by the minister include SIDBI MachF...