The Small Industries Development Bank of India (SIDBI), the country’s principal financial institution engaged in the promotion, financing, and development of MSME, has entered into a Memorandum of Understanding (MoU) with the Technology Development Board (TDB) with the aim of easing access to credit for MSMEs that are attempting the development and commercial application of indigenous technology or adapting imported technology for wider domestic applications. The MoU was executed by Shri Rahul Priyadarshi, Chief General Manager, SIDBI, and Shri Rajesh Jain, Director, TDB. As regards the arrangement with TDB, Shri Rahul Priyadarshi, Chief General Manager, SIDBI, said, “SIDBI’s emphasis is on strengthening the MSME eco-system and realizing GoI’s ideology of “Make in India” and making India ""self-reliant."" This will support MSMEs with respective core competencies and expertise, with the common vision of financing MSMEs in India.”