CRIF India and SIDBI team up to unveil sector-based insight reports

CRIF High Mark, the Indian credit bureau owned by CRIF, has joined forces with Small Industries Development Bank of India (SIDBI), a financial institution for Micro, Small and Medium Enterprises (MSMEs) in India, to launch sector-based insight reports titled ‘Industry Spotlight’.

Under the partnership, a series of quarterly reports will be launched, providing data and trends on key industry sectors in each edition. The report aims to analyze the credit landscape of the sector, understand the borrower segments with risk analyses, and equip policymakers, as well as MSME players with the trends and statistics for sector growth.

Talking about the partnership, Navin Chandani, Managing Director & Chief Executive Officer of CRIF India said, “It is a proud moment for CRIF India to team up with Small Industries Development Bank of India (SIDBI) for the launch of ‘Industry Spotlight’. With the advent of government initiatives such as ‘AtmaNirbhar Bharat’, India has embarked upon a journey to become one of the fastest-growing economies in the coming years. The first industry spotlight presents a deep dive into the Drugs and Pharmaceuticals sector. We hope such insights and analysis will be beneficial to the industry at large and will bring value and benefit to all readers.”

Manoj Mittal, Deputy Managing Director of SIDBI, said, “The initiative is a part of SIDBI’s continuous endeavor to make MSMEs realize their inherent potential in light of the latest industry and market trends as well as emerging opportunities. The report attempts to provide insights to policymakers, bankers and other stakeholders including MSMEs, drawing upon analysis of granular cluster-level data. Over time, this report will emerge as an important reference point for all those involved and help in contributing even more to the development of the MSME ecosystem.”

Visit the CRIF High Mark Industry Spotlight section