"CG, SIDBI sign MoU to develop MSMEs in the state"

Raipur: Small Industries Development Bank of India (SIDBI), Micro has signed a Memorandum of Understanding (MoU) with the Chhattisgarh government to develop the Small and Medium Enterprises (MSME) ecosystem in the State.

The MoU was signed by Principal Secretary (Commerce and Industries) Manoj Kumaar Principal and SIDBI General Manager Sanjay Goyal on Monday Under the agreement, a Project Management Unit (PMU) will be The role of the PMU will be to design schemes/programs in the areas of equity support, interest subvention, resolution of stressed MSMEs, supporting MSME entrepreneurs and flaneurs and facilitate other need-based intervention based on evaluation of the existing status of MSMEs. The PMU will still study the existing framework of schemes, interventions, initiatives, projects, etc. that are currently available for the benefit of / targeted towards MSMEs in the State and shall suggest modifications, if any, with the objective of enhancing efficacy and removal of bottlenecks. Speaking On the occasion Manoj Kumar Pingua said that the state government is undertaking various initiatives and programs for promoting the MSMEs in the state.

Read more at The Times Of India

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