SIDBI extends state-wise MSME support programme to 11 states

SIDBI in association with the Maharashtra state government will be setting up a Project Management Unit (PMU), in order to boost the MSME ecosystem in Maharashtra.
The role of PMU will be to design schemes and programs in the areas of equity support, interest subvention, resolution of stressed MSMEs, and supporting them. It will also facilitate other need-based interventions based on an evaluation of the existing status of MSMEs.
Apart from Maharashtra, the bank has already appointed an agency that would look at setting up PMUs in 10 other states- Assam, New Delhi, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Gujarat, Karnataka, Andhra Pradesh and Tamil Nadu.