The Small Industries Development Bank of India (SIDBI) has announced its intention to raise a substantial sum of Rs 10,000 crore through a rights issue in order to fortify its equity capital. This strategic move is aimed at expanding its capacity to support small and medium-sized enterprises (SMEs) and bolster the nation’s economic growth. SIDBI’s decision to augment its equity capital through this significant financial move reflects its commitment to fueling the growth of the SME sector, which plays a pivotal role in India’s economy. The move is expected to have far-reaching implications for SMEs seeking financial assistance and underscores SIDBI’s vital role in promoting entrepreneurship and job creation across the country.