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SIDBI provides project-specific loans to the Assam government to upgrade MSME clusters

According to the statement, SIDBI will provide project-specific financing to the Assam state government to upgrade its small and medium-sized enterprise (MSME) clusters in the state.

SIDBI said in a statement Wednesday that SIDBI Cluster Development Fund (SCDF) -based project-specific affordable lending support will upgrade various existing MSME clusters and develop new industrial infrastructure facilities in Assam. Said it would be provided to the state government.

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The Bank of India’s Small and Medium Enterprise Development (SIDBI) attended an event in Guwahati, chaired by Prime Minister Himanta Biswasalma.

According to SIDBI, the state has expressed expectations for start-ups, cluster development, livelihoods and corporate promotion.

Salma called on state-level agencies and the line department to strengthen cooperation with agencies like SIDBI.

He sought to combine the cluster program with a “one district-one product” model to grow the state’s niche regions in the value chain and help those at the bottom of the pyramid.

The state prime minister will also extend his expertise to SIDBI to manage startup funds with active state-level institutions and to develop appropriate guarantee funds for Assam to leverage the SME Credit Guarantee Fund Trust (CGTMSE). Requested to support.

Sivasubramanian Ramann, Chairman and Managing Director of SIDBI, said banks look forward to deepening their footsteps in Assam by contributing to the value chain of livelihoods and micro-enterprise as an innovation and start-up ecosystem. rice field.

Raman handed KKDwivedi, Principal Secretary of the Assam State Government (Industrial and Commercial), a Principal Approval Commitment Letter.



SIDBI provides project-specific loans to the Assam government to upgrade MSME clusters

Source link SIDBI provides project-specific loans to the Assam government to upgrade MSME clusters

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