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SIDBI inks MoU with Tamil Nadu govt to bolster MSME ecosystem

Wednesday, 25 Nov 2020
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The Small Industries Development Bank of India (SIDBI) has entered a memorandum of understanding (MoU) with the Tamil Nadu government to develop ecosystem for micro, small and medium enterprises (MSMEs) in the state. 
 
Under the MoU, SIDBI will deploy a project management unit (PMU) in the state government to design training and capacity-building programmes to be taken up by the government in areas such as technology transfer, promotion of innovation, intellectual property rights, research and development, leveraging of technology/technology solutions for enhancing business capabilities and collaborations between MSMEs and technology driven businesses/startups, among others. 
 
PMU will facilitate interventions, initiatives, projects, etc for MSMEs in the state with the objective of enhancing efficacy and removal of bottlenecks.
 
SIDBI has inked MoUs with seven states and four more are planned in near future.
 
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