SIDBI gives in-principle nod for ₹600-crore assistance to Maharashtra

Small Industries Development Bank of India has provided the first approval under the SIDBI Cluster Development Fund (SCDF) to the Maharashtra Govt. 

The ₹600 crore aid has been approved for reviving/ upgrading ITIs/polytechnics run by the Directorate of Vocational Education and Training under the Department of Skills, Employment, Entrepreneurship and Innovation. SIDBI is the principal financial institution focused on promotion, financing and development of MSMEs.