Rajasthan government signs pact with Sidbi to develop MSME ecosystem

The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with the Rajasthan government to develop the MSME ecosystem in the state.
Rajasthan's Department of Industries and Sidbi will work together to provide financial, technical, marketing and export support to MSMEs in the state.
For this purpose, MSME Act has been amended to promote industries
The move will exempt MSME businesses from all kinds of permissions and inspections for three years.
Also, establishing large industries will become easy with the coming of a single window one-stop shop.
This MoU was signed by Commissioner Archana Singh on behalf of the Department of Industries and General Manager Balbir Singh on behalf of SIDBI.