Home breadcru News breadcru Policy breadcru Rajasthan, SIDBI to sign MoU for development of MSMEs

Rajasthan, SIDBI to sign MoU for development of MSMEs

13 Aug '20
2 min read
Pic: Shutterstock
Pic: Shutterstock

The Rajasthan government is planning to join hands with the Small Industries Development Bank of India (SIDBI) for cultivating a vibrant and synergised micro, small and medium enterprises (MSME) ecosystem in the state. SIDBI would set up a project management unit (PMU) to assist certain cluster-based sectors like textiles in Bhilwara and handicraft in Jodhpur.

At a recent meeting with state government officials, SIDBI representatives highlighted various clusters where they would like to work and how they would reach out to small entrepreneurs, using their expertise for providing consultation, appropriate solutions and guidance for availing benefits under current schemes.

“With the active participation of the consultants provided by SIDBI, the cluster level challenges of MSMEs would be easier to address and MSMEs will also be able to avail benefits under relevant schemes,” Archana Singh, state industries commissioner was quoted as saying by a news agency.

The partnering agency of SIDBI will identify the Institutional, factor and demand constraints for MSMEs in the state, she said.

The SIDBI team will create a strategy of cluster-based value chain for resource optimisation, setting up of a resource centre for cluster-level consultation and a help desk as well as empowerment of the concerned industry associations.

ALCHEMPro News Desk (DS)

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