SIDBI and Capital One Partner to Fund India’s Small Businesses and Startups
A new partnership aims to boost funding for small businesses and startups across India. SIDBI and Capital One have signed a memorandum of understanding (MoU) to improve credit access, working capital support, and financial growth for MSMEs and emerging ventures. The agreement was formalised in the presence of M. Nagaraju, Secretary of the Department of Financial Services, who highlighted its potential to strengthen enterprise development.
The collaboration was established in 2023 to address key financial challenges faced by small and medium enterprises. Founding members SIDBI and Capital One will focus on expanding digital working capital solutions, export financing, and advisory services. Their joint framework also includes venture debt support and coordinated lending to meet diverse business needs.
The MoU creates a structured approach to financial support for small businesses and startups. It combines SIDBI’s expertise in venture financing with Capital One’s digital and global banking solutions. The agreement is expected to strengthen innovation ecosystems and improve access to capital for enterprises nationwide.
