• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Sunday, December 3, 2023
  • Login
North East India
  • Home
  • North East News
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
    • Gadgets
  • Others
    • Auto
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
No Result
View All Result
North East India
No Result
View All Result

SIDBI joins hands with Government of Gujarat for the Development of MSME ecosystem in the State

by North East India
September 15, 2020
in Business
Reading Time: 3 mins read
0

Surat: Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSME), has entered a Memorandum of Understanding (MoU) with the Government of Gujarat to develop the MSME ecosystem in the State. The MoU was signed in the presence of the Hon’ble Chief Minister of Gujarat Shri Vijay Rupani, Shri M. K. Das, IAS, Additional Chief Secretary (Industries & Mines),Government of Gujarat (GoG)and Shri V. Satya Venkata Rao, Deputy Managing Director, Small Industries Development Bank of India (SIDBI).

Under the agreement, a Project Management Unit (PMU) will be deployed by SIDBI with Government of Gujarat.The role of the PMU will be todesign training and capacity building programs, which may be taken up by GoG, in areas such as technology transfer, promotion of innovation, intellectual property rights,  research & development, leveraging of technology / technology solutions for enhancing business capabilities and collaborations between MSMEs & technology driven businesses / startups, etc. The PMU will facilitate interventions, initiatives, projects etc. in the State targeted towards MSMEs in the State and shall suggest modifications, if any, with the objective of enhancing efficacy and removal of bottlenecks.

YOU MAY ALSO LIKE

The Rise of Koramangala: Bengaluru’s Premier Neighborhood for the Elite

Zircle launches digital rooftop solar shopping platform for homeowners

On this occasion, Shri V. Satya Venkata Rao, Deputy Managing Director of SIDBI said, “In line with our programmatic approach to foster closer cooperation with State government, we started with cluster outreach programs at 10 States in the last financial year. We have also proposed a cluster development fund for supporting the infrastructural aspects of cluster development in States as preparation for AatmaNirbharBharat. The setting up of PMU in 11 States is targeted at placing expert outsourced team for more focused engagement in various formsleading to a stronger MSME ecosystem. Already we have signed MoU with Haryana, Maharashtra and Rajasthan.  We have been active on financial and non-financial fronts in the State of Gujarat and look forward to deeper and fruitful engagement.”

This developmental initiative is aligned to expectations laid down in UK Sinha Committee on MSMEs set up by the Reserve Bank of India. It envisions more focused engagement of SIDBI with State Governments for MSME promotion &development. The PMU will also prepare the process for handholding MSMEs in the State for their onboarding onto digital platforms, stock exchange listing, e-commerce platforms such as Government e-Marketplace etc.Along with that, the PMU will also engage in mapping repository of good practices and guidelines both within and outside the State and facilitate adoption of good practices. It will create a framework for evaluating impact of interventions being made for the benefit of MSMEs and shall also provide inputs for policy advocacy.

SIDBI has appointed an expert agency for setting up PMUs in 11 States namely, Assam, New Delhi, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Gujarat, Maharashtra, Karnataka, Andhra Pradesh and Tamil Nadu. By acting as harbinger amongst partner States, SIDBI intends to contribute to emergence of more responsive ecosystem which is Vocal for Local and strengthens nation’s resolve to emerge as AtmaNirbhar Bharat.

About SIDBI: Since its formation in 1990, SIDBI has been impacting the lives of citizens across various strata of the society through its integrated, innovative and inclusive approach. Be it traditional, domestic small entrepreneurs, bottom-of-the-pyramid entrepreneurs, to high-end knowledge-based entrepreneurs, SIDBI has directly or indirectly touched the lives of Micro and Small Enterprises (MSEs) through various credit and developmental engagements. SIDBI 2.0 carries the vision of inclusive, innovative and impact-oriented engagements.

To know more, check out: https://www.sidbi.in

ShareTweetSharePinSendShare
Previous Post

Appointment of Nashik District Director for “Marathi Matrimony” Project

Next Post

G.D. Goenka International School, Surat wishes our PM Mr. Narendra Modi a Super 70th Birthday

Related Posts

The Rise of Koramangala: Bengaluru’s Premier Neighborhood for the Elite
Business

The Rise of Koramangala: Bengaluru’s Premier Neighborhood for the Elite

by North East India
November 8, 2023
Zircle launches digital rooftop solar shopping platform for homeowners
Business

Zircle launches digital rooftop solar shopping platform for homeowners

by North East India
November 6, 2023
The Greenwood Hotels and Resorts unveils an extensive selection of banquets for corporate events and destination weddings
Business

The Greenwood Hotels and Resorts unveils an extensive selection of banquets for corporate events and destination weddings

by North East India
October 31, 2023
Prominent Leaders Kickstart CCI India’s Ethanol and Biofuel Conference
Business

Prominent Leaders Kickstart CCI India’s Ethanol and Biofuel Conference

by North East India
October 30, 2023
Top 10 Most Dynamic Entrepreneurs Of The Year – 2023 By The Indian Alert
Business

Top 10 Most Dynamic Entrepreneurs Of The Year – 2023 By The Indian Alert

by North East India
October 28, 2023
Auxilo launches women-centric initiatives for creating equitable workplace
Business

Auxilo launches women-centric initiatives for creating equitable workplace

by North East India
October 23, 2023
Ambrosia Organic Farm Announces Significant Partnership With TATA Organic
Agriculture

Ambrosia Organic Farm Announces Significant Partnership With TATA Organic

by North East India
October 21, 2023
Kewal Kiran Clothing Limited (KKCL) Brand INTEGRITI Joins Forces with Pooja Entertainment’s “Ganapath” Starring Tiger Shroff
Business

Kewal Kiran Clothing Limited (KKCL) Brand INTEGRITI Joins Forces with Pooja Entertainment’s “Ganapath” Starring Tiger Shroff

by North East India
October 20, 2023
Next Post

G.D. Goenka International School, Surat wishes our PM Mr. Narendra Modi a Super 70th Birthday

Daily Rounds & Marrow: Empowering the Doctor Community Digitally

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

IIM Rohtak Welcomes the Governor of Haryana

IIM Rohtak Welcomes the Governor of Haryana

December 2, 2023
Join Kingston Technology’s Year End Celebration Extravaganza Now!

Join Kingston Technology’s Year End Celebration Extravaganza Now!

December 1, 2023
Kingston Leads Channel SSD Shipments for the 6th Consecutive Year

Kingston Leads Channel SSD Shipments for the 6th Consecutive Year

November 27, 2023

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • North East News
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World

About Us

northeastindia.live, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

Copyright © 2022 North East India.

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

Copyright © 2022 North East India.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In