SIDBI and TIDITSSIA Ink MoU to Boost Local Industries.

MOUs and Agreement

In January 2025, the Lucknow, Uttar Pradesh-based Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) with The Tiruchirapalli District Tiny & Small Scale Industries Association (TIDITSSIA) to foster mutual cooperation and support local industries.


      - The signing ceremony was attended by Pyda Rama Krishna, Assistant General Manager (AGM) of SIDBI, J.P. Jagadish, Branch Manager of SIDBI, P. Rajappa, President of TIDITSSIA, along with other dignitaries.

     

     

Main Point :-   (i) Under the MoU, SIDBI will conduct capacity-building training for selected office-bearers and staff of TIDITSSIA, offer support to the association’s members, and organize buyer-seller meetings.

      (ii) The initiative will assist around 450 members in securing business loans at an interest rate approximately 1% lower than those offered by other financial institutions.


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