<P> SIDBI has launched the' Udyami Mitra' Portal to improve accessibility of credit and handholding services to MSMEs . They can select and apply for preferred banks through this portal . Under the portal entrepreneurs can apply for loan without physically visiting any bank branches and can select from over 1 lakh bank branches, track their application status and avail multiple loan benefits . It also has facility for uploading all necessary documents . Through the portal the MSMEs can also seek handholding support for getting finance . SIDBI has also entered into an arrangement with CSC e-governance Services (CSCeGS) to take Udyami Mitra portal to the unserved and the underserved MSMEs . CSCeGS is a special purpose vehicle (SPV) set up by ministry of electronics and IT (MeitY) which acts as connect point for various digitally aligned services to villages in the country . </P> <P> SIDBI has floated several other entities for related activities, including: </P> <Ul> <Li> SIDBI Venture Capital Limited (SVCL) - for providing Venture Capital (VC) assistance to MSMEs; </Li> <Li> Micro Units Development & Refinance Agency (MUDRA) - for' funding the unfunded' micro enterprises in the country; </Li> <Li> Receivable Exchange of India Ltd . (RXIL) to enable faster realisation of receivables by MSMEs; </Li> <Li> SMERA Ratings Limited (SMERA) - for credit rating of MSMEs, renamed as Acuite Ratings & Research Limited.; </Li> <Li> India SME Technology Services Ltd (ISTSL) - for technology advisory and consultancy services and </Li> <Li> India SME Asset Reconstruction Company Ltd . (ISARC) for speedier resolution of Non-Performing Assets (NPA) in the MSME sector . </Li> </Ul> <Li> SIDBI Venture Capital Limited (SVCL) - for providing Venture Capital (VC) assistance to MSMEs; </Li>

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