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SIDBI, Maharashtra govt ink MoU to develop MSME ecosystem

A Project Management Unit will be deployed by SIDBI

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Small Industries Development Bank of India, SIDBI, Memorandum of understanding, Maharashtra government, Micro, Small and medium enterprise, MSME ecosystem, Project Management Unit, Equity support, Supporting MSME entrepreneurs

The Small Industries Development Bank of India (SIDBI) has entered into a memorandum of understanding (MoU) with the Maharashtra government to develop micro, small and medium enterprise (MSME) ecosystem in the state.

Under the agreement, a Project Management Unit (PMU) will be deployed by SIDBI with the government of Maharashtra.

The role of PMU will be to design schemes/programmes in areas of equity support, interest subvention, resolution of stressed MSMEs, supporting MSME entrepreneurs and facilitate other need-based intervention based on evaluation of the existing status of MSMEs.

SIDBI has appointed an expert agency for setting up PMUs in 11 states, imbibing good practices, rejuvenating the existing programmes and policies, and enabling more responsive ecosystem.

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