New Delhi, March 22 -- In a significant move to strengthen the MSME textile and garment industry, the Small Industries Development Bank of India (SIDBI) has signed two key memorandums of understanding (MoUs) with the Clothing Manufacturers' Association of India (CMAI) and the Sachin Industrial Co-operative Society (SICS).

This initiative aims to provide financial and technical assistance to industrialists in the textile sector, facilitating access to collateral-free loans and government schemes.

Under the directives of the Government of India, SIDBI is collaborating with various institutions to support the industry.

Special assistance will be provided for textile sector upgrades, including repairs and modernisation of water jet and air...