Mohali branch of Small Industries Development Bank of India (SIDBI) inaugurated

Small Industries Development Bank of India (SIDBI)’s new branch at Phase 2, Mohali was inaugurated by  Rahul Priyadarshi, Head of Direct Credit vertical of SIDBI on Monday. During the inauguration, Rahul Priyadarshi said that SIDBI has been committed for the last 33 years for the upliftment of MSMEs units and will continue to make every possible effort in this direction. On this occasion,  Balbir Singh, Regional Incharge, Manoj Sharma, Branch Incharge and many industrialists were also present.  Balbir Singh said that through the new branch in Mohali, we will reach every MSME unit and provide them financial assistance and become a partner in their development. Manoj Sharma thanked all the industrialists present and assured of prompt loan disbursement and services. The new branch of SIDBI in Mohali will provide maximum benefits of financial services to the MSMEs industrial units present in Mohali, Kurali, Dera Bassi and nearby areas.

On the day of inauguration, Mohali branch by the hand of Rahul Priyadarshi distributed loan sanction certificates to 5 units amounting to Rs.1193.84 lakh to following units viz. Rs.300 lakh to JLPL Infrastructures, Mohali, Rs.103.84 lakh to M/s Santech Industries, Mohali, Rs.315 lakh to M/s Mahalaxmi Packaging, Baddi, Rs.45 lakh to M/s Lakshmi Ferro Cast and `430.00 lakh to M/s C K Alloys, Mandi Gobindgarh.