Chennai, Jan. 22 -- Bharatiya Janata Party (BJP) spokesperson ANS Prasad on Thursday lauded the Union Cabinet's recent decision to extend equity support to the Small Industries Development Bank of India (SIDBI), claiming that the initiative will emerge as a beacon for welfare and sustainable development.

"Under Prime Minister Narendra Modi's guidance, this initiative promises to uplift Micro, Small, and Medium Enterprises (MSMEs), vital to Tamil Nadu's prosperity, by enhancing employment opportunities and fostering equitable growth," the BJP spokesperson said in a statement.

Tamil Nadu's thriving sectors, from textiles to technology, are poised to benefit profoundly from the Rs 5,000 crore equity infusion into SIDBI. Structured in phase...