The Small Industries Development Bank of India (SIDBI), a member of ADFIAP and the principal financial institution for promoting and financing Micro, Small, and Medium Enterprises (MSMEs) in the country, has announced a significant partnership with MonetaGo.

The collaboration involves deploying MonetaGo’s globally recognized digital public infrastructure solution to de-risk trade finance and strengthen the MSME financing ecosystem. This strategic move aims to combat fraud, particularly duplicate financing, by implementing a secure, standards-based infrastructure.

Key Impact: This initiative marks the first time a Development Financial Institution (DFI) has directly implemented MonetaGo’s Secure Financing system, setting a significant precedent for secure and scalable MSME financing across the Indian financial landscape.

SIDBI’s adoption of this technology will enhance transparency and trust in lending, contributing to greater efficiency and reliability in capital flows for the vital MSME sector. By mitigating fraud risks, the partnership is set to unlock the sector’s growth potential and expand access to credit for entrepreneurs, enabling deeper integration into global value chains.

ADFIAP recognizes this innovative step by SIDBI as a demonstration of a DFI leveraging advanced technology to bridge credit