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SHWAS AND AROG LOAN SCHEMES FOR MSMES

SHWAS AND AROG LOAN SCHEMES FOR MSMES

Context

Small Industries Development Bank of India (SIDBI) launched SHWAS and AROG to help the MSMEs with required financial support.

Details

  • The scheme facilitates funding for production and services related to supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs.
  • SHWAS : SIDBI assistance to the Healthcare sector in against second wave of COVID19
  • AROG:  SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic.

About Small Industries Development Bank of India (SIDBI)

  • It is a statutory body.
  • It is the principal development financial institution for promotion, financing and development of Micro, Small and Medium Enterprises (MSME) sector in India.
  • Aim : To facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME ecosystem across the country.
  • Established : On April 2, 1990 through an Act of Parliament.
  • Headquarter : Lucknow, Uttar Pradesh.

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