SIDBI – Inauguration of Mumbai Regional and Branch office
08th September, 2025, Mumbai
- Shri Manoj Mittal, Chairman and Managing Director, Small
Industries Development Bank of India (SIDBI) inaugurated new office premises of
Mumbai Regional Office and Branch Office at Dadar (West), Mumbai to cater to
the growing financial requirements of MSMEs in and around Mumbai and also
neighbouring areas. Shri Prakash Kumar,
Deputy Managing Director, SIDBI and Shri Nandan Khambete from Thane Small Scale
Industries Association (TSSIA) graced the occasion.
SIDBI has been taking new initiatives to
increase the flow of credit to MSMEs.
Providing ‘timely and adequate credit’ is the mantra followed in SIDBI.
It has fully digitized its lending processes to extend financial assistance in
48 hours. SIDBI has been involved in introducing policies for providing timely
financial assistance and liquidity to MSMEs. MSME can consider investment in
green energy, cleaner production and energy efficiency with support from SIDBI,
which will also make them sustainable and remain competitive and be part of
national commitment on energy independence and carbon neutrality.
Mumbai Branch Office is committed to increase
the assistance to MSMEs in the region with increasing the number of customers
and disbursals substantially. Mumbai
Branch will work closely with MSMEs, Industry associations and all the stakeholders
to provide focused financial support to MSMEs located in Mumbai and nearby
areas. Besides financial assistance,
SIDBI is dedicated to extending development support to entrepreneurs in their
growth journey.
During the event, sanction letters were
issued to micro and small enterprise customers for term loans ranging from Rs.15
lakh to Rs.20 crore for purchase of plant and machinery and for expansion/
modernization of units.
The programme witnessed presence of around 100
MSMEs, dignitaries, representatives of Industry Associations and other
stakeholders from the Region.
The new SIDBI Branch office is situated at 3rd floor Park
Plaza building, VS Agashe Road, Off. Bhavani Shankar Road, Dadar West, Mumbai and
may be reached via the following contact numbers: 7800411001 / 9821243327
About SIDBI: Since its formation in
1990, 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. SIDBI 2.0 carries the vision of inclusive,
innovative and impact-oriented engagements.
To know more, check out: https://www.sidbi.in
