SIDBI fortifying the MSME ecosystem of India
Organisations Name : Small Industries Development Bank of India (SIDBI)
Head of the Organisation: SIVASUBRAMANIAN RAMANN
Designation: Chairman & MD
Services Offered: Established in 1990, SIDBI aims to strengthen MSMEs with credit flow and address both financial and developmental gaps in the Micro, Small and Medium Enterprises (MSME) eco-system. It acts as a principal financial institution for promotion, financing and development of the MSME sector as well as for co-ordination of functions of institutions engaged in similar activities.
SIDBI has partnered with the Government of Andhra Pradesh to develop the MSME ecosystem in the State. A Project Management Unit (PMU) will be deployed by SIDBI with Government of Andhra Pradesh and it will design schemes/programmes in the areas of equity support, interest subvention, resolution of stressed MSMEs, supporting MSME entrepreneurs and facilitate other need-based intervention based on evaluation of the existing status of MSMEs. The PMU will study the existing framework of schemes, interventions, initiatives, projects etc. which are currently available for the benefit of / targeted towards MSMEs in the State and shall suggest modifications.
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