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‘Swavalamban Crisis Responsive Fund’—By SIDBI

Published on June 29, 2020
Current Context: The ‘Swavalamban Crisis Responsive Fund’ (SCRF) is set-up by the Small Industries Development Bank of India (SIDBI).
‘Swavalamban Crisis Responsive Fund’—By SIDBI


  • It is an open-ended fund to provide the facility of free onboarding of MSME on Trade Receivables Discounting System (TReDS) platform.
  • This SCRF comes under Swavalamban Resource Facility which is developed in partnership between SIDBI and DIFD (Department of International Development), United Kingdom.
  • SCRF facility will be available till 30th September 2020 and SIDBI aims to attain the target of onboard 10,000 during this predefined tenure.
  • Trade Receivables Discounting System (TReDS) is an electronic platform where receivable of MSMEs are drawn against buyers and they are financed by multiple financers via an auction. 
  • Static Part: 
    • HQ of SIDBI: Lucknow, Uttar Pradesh
    • Chairman and MD of SIDBI: Mohammad Mustafa

Question: 

Q.1 Which of the following organisation has launched ‘Swavalamban Crisis Responsive Fund’?
a. Confederation of Indian Industry
b. SIDBI
c. RBI
d. NABARD
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