SIDBI launched Virtual Assistant’ & ‘ Bankability Kit’


SIDBI (Small Industries Development Bank of India) celebrated its foundation day (2nd April 1990) as the day of Sampark (connect), Sanwad (interaction), Suraksha (security) and Sampreshan (disseminate). Chairman Managing Director of SIDBI Mohammad Mustafa launched a series of initiatives from its Lucknow bank headquarters.

An MoU was signed with The New India Assurance Co. Ltd. and two MSMEs were issued insurance policies. Chairman SIDBI also launched ‘Samridhhi- the virtual assistant’ on banks revamped universal loan portal During the day, a ‘Bankability Kit’ (brought in partnership with Bank of Baroda and IDBI Bank) was also launched.

A new step forward in commencing Bancassurance services for MSMEs was also taken. An MoU was signed with The New India Assurance Co. Ltd. and two MSMEs were issued insurance policies. SIDBI is thus evolving as one stop solution provider.

Samridhhi is the virtual assistant on banks revamped universal loan portal It will answer standard queries of aspirants 24*7.

Bankability Kit covers what bankers look at, how to communicate with banks, the care to be taken, do’s and don’ts etc.