News:Small Industries Development Bank of India(SIDBI) has announced the start of Swavalamban Express.
About Swavalamban Express:
- Swavalamban Express Is a train journey to promote budding business aspirants and entrepreneurs.
- It is modelled as a unique Self-Employment model where people come with their ideas of business and walk out as Swavalambis, empowered to start their own enterprises.
- Small Industries Development Bank of India (SIDBI) was set up in 1990 under an Act of Indian Parliament.
- It acts as the Principal Financial Institution for Micro, Small and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities.