In line with the series of responsive measures and to have more close cooperation with state governments, Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs) has taken yet another step by offeringits training institute, Swavalamban Academic Center (SAC), situated at Jayadev Vihar, Bhubaneswar, to be utilized as a quarantine facility for patients/isolation ward/hospital/stay facility for medical staff etc. by the Government of Odisha during the emergency situation created due to COVID-19.

Shri Mohammad Mustafa, IAS, Chairman & Managing Director, SIDBI said, “We are committed to serving the nation and contribute in every possible way to fight against COVID-19. We have also taken various other proactive steps as a responsible institution to fight against the menace. It’s our salute to illustrative efforts of health ambassadors (doctors and workers) and state governments in responding to the national challenge which emanated from coronavirus.”

SIDBI’s endeavour is to strengthen the enterprise ecosystem by launching schemes for entire value chain, right from startups to MSMEs – SAFE (SIDBI Assistance to Facilitate Emergency response against coronavirus), SAFE Plus, CSAS (COVID-19 Startup Assistance Scheme)and additional financial window for healthcare sector under its existing SMILE (SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises) scheme. Earlier this month SIDBI has also committed Rs. 15 crore towards PM CARES Fund and supporting host of social responsibility initiatives pan India.

About SIDBI: As a Development Financial Institution,SIDBI has been impacting the lives of citizens across various strata of the society through its integrated, innovative and inclusive approach. Be it traditional, domestic small entrepreneurs, bottom-of-the-pyramid entrepreneurs, to high-end knowledge-based entrepreneurs, SIDBI has directly or indirectly touched the lives of Micro and Small Enterprises (MSEs) through various credit and developmental engagements.