NL Correspondent
Jammu, Tawi Sep 15: Small Industries Development Bank of India (SIDBI), the Principal Financial Institution engaged in the promotion, financing and
development of Micro, Small and Medium Enterprises (MSMEs) has been working closely with state governments to strengthen MSME eco-system at State level,
based, inter alia, on recommendation of UK Sinha Committee report. SIDBI has extended technical assistance to state by setting up Project Management Unit
(PMU) in 19 states. These PMUs have been working closely with nodal departments of State to facilitate shaping enterprise/industrial policies as also adopt good
practices in other states.
Under SIDBI Cluster Development Fund, concessional loan support to state governments for development of infrastructure in clusters is provided. In few of the
states going beyond hard infrastructure, SIDBI has also extended soft infrastructure support in few clusters. SIDBI has been proactively engaging with state
governments to avail this and build/enhance MSME infrastructure.
As part of development initiative SIDBI also organised a national sharing and learn shop for state stakeholders, which had evinced appreciative participation.
SIDBI brought out state profiles in respect of enterprise/industrial policies and good practices adopted in other states through our Project Management Units
(PMUs) of 16 States viz. Andhra Pradesh, Assam, Delhi, Gujarat, Haryana, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, Uttarakhand, Uttar Pradesh,
Telangana, J&K, West Bengal, Odisha and Bihar.