Day: 6 April 2024

SIDBI partners with Fintech Platform KarmaLife for micro loans to Gig Workers

Vijay Raman

Small Industries Development Bank of India (SIDBI) entered into an agreement with a fintech Onion Life Private Limited to use its technology platform KarmaLifefor a pilot to provide small enterprise loans to gig workers and support their financial inclusion to formal institutional credit. With the gig economy rapidly growing in India, there is a pressing need to provide affordable and accessible financial support to non-salaried gig workers providing their services through gig platform aggregators for livelihood. Onion Life’s innovative technology platform “KarmaLife” will help gig workers access micro loans through…

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Indian Coast Guard saves lives of 27 Bangladeshi fishermen

Vijay Raman

ndian Coast Guard (ICG) has safely rescued 27 Bangladeshi fishermen in a prompt operation on 04 April 2024. All of them were stranded on their fishing boat in the sea. Indian Coast Guard Ship Amogh, while patrolling the India-Bangladesh International Maritime Boundary Line (IMBL) on April 4, 2024, sighted a Bangladeshi fishing boat (BFB) Sagar II drifting in Indian waters. After this, a team from an Indian Coast Guard ship was sent there to investigate the matter. During investigation, it was revealed that the steering gear of the Bangladeshi boat…

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Inauguration of SIDB’s new Branch in Kaushambi, Ghaziabad

Vijay Raman

  Small Industries Development Bank of India (SIDBI) inaugurated its new branch in Kaushambi, Ghaziabad by Sh. Rahul Priyadarshi, Chief General Manager, SIDBI. During the occasion, Sh. Rahul Priyadarshi said that SIDBI has been committed for the last 34 years for the upliftment of MSME units and will continue to make every possible effort in this direction. On this occasion, Sh. Manish Sinha, Regional In-Charge, Sh. Gyanesh Kumar, Ghaziabad Branch In-Charge and many industrialists were also present.   Sh. Manish Sinha said that through the new branch in Ghaziabad, we…

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