Union Finance Minister Launches MachFin Mart & MoRE Programme

On the occasion of the 37th anniversary of Small Industries Development Bank of India (SIDBI), a series of strategic portals and initiatives were launched to strengthen the Micro, Small and Medium Enterprises (MSME) sector, improve last-mile credit delivery, and modernise rural industries.

SIDBI MachFin Mart Launched

One of the key initiatives launched was the SIDBI MachFin Mart, a digital platform designed to help MSMEs access machinery through a structured marketplace.

The platform aims to support better price discovery, standardisation, and adoption of modern technology, thereby improving productivity and competitiveness among small enterprises.

RRB Co-Lending Portal to Improve Rural Credit Flow

The Finance Minister also launched the RRB Co-Lending Portal to operationalise partnerships between SIDBI and Regional Rural Banks (RRBs).

The portal is intended to enhance the flow of credit to rural and underserved regions by enabling collaborative lending arrangements and improving access to finance for small businesses and entrepreneurs.

MoRE Programme for Rural Enterprises

Another major initiative launched was MoRE (Modernisation of Rural Enterprises), a programme focused on providing transformational support to 10,000 rural micro and artisanal units over the next three years.

The programme will adopt a cluster-based intervention approach aimed at improving infrastructure, technology adoption, productivity, and market access for rural enterprises.

Focus on Inclusive Economic Growth

These initiatives reflect the government’s continued focus on strengthening the MSME ecosystem, promoting financial inclusion, and accelerating rural industrial development through digital innovation and institutional support.