The Small Industries Development Bank of India (SIDBI)signed Memorandum of Understanding (MoU) with the Government of Assam to develop the Micro, Small and Medium Enterprises (MSME) ecosystem in the State. As per the MoU, a Project Management Unit (PMU) will be set up by SIDBI in Assam.

=> SIDBI’s partnership with Assam is part of SIDBI’s initiative to set-up PMU to strengthen the MSME ecosystem in 11 states namely Gujarat, Odisha, Maharashtra, Tamil Nadu, New Delhi, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Andhra Pradesh, and Karnataka .

Key People

K K Dwivedi, commissioner and secretary of industries and commerce department, govt of Assam and RK Singh, general manager of SIDBI signed the MoU in presence of Chandra Mohan Patowary, Cabinet Minister of Transport, Industry & Commerce, Parliamentary Affairs and SEED, Govt. of Assam.

Benefit of Collaboration

The collaboration will bring all MSMEs in the state into a formal, organized sector.

About PMU:

General Info PMU will support the Assam Govt to make necessary interventions to improve the efficiency of MSMEs in the state.

Key Areas

PMU deployed in Assam will work towards the Key areas namely:

i.Schemes will be designed by PMU in the areas of equity support and interest subvention.

ii.It will conduct study of the existing framework of schemes, interventions, etc., to benefit the MSMEs and suggest changes with a view to enhance the efficacy and remove the obstacles.

iii.In order to onboard MSME into digital platforms such as PSB Loans In 59Minutes, Stock Exchange listing, e-commerce platforms such as GEMs, etc., PMU will start a process for hand holding MSME in the state

iv.It will also create awareness about the activities and schemes for the MSMEs offered by the state govt under Atmanirbhar Bharat programme.