Publishing of MSME State Profile – Facilitating the development of the MSME ecosystem in the States

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Publishing of MSME State Profile – Facilitating the development of MSME ecosystem in the States

  • 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. 

September 14, 2022: 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 the MSME eco-system at State level, based, inter alia, on the recommendation of UK Sinha Committee report. SIDBI has extended technical assistance to states by setting up Project Management Unit (PMU) in 19 states. These PMUs have been working closely with nodal departments of the 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 the development of infrastructure in clusters is provided. In a few of the states going beyond hard infrastructure, SIDBI has also extended soft infrastructure support in a few clusters. SIDBI has been proactively engaging with state governments to avail of this and build/enhance MSME infrastructure.

As part of the development initiative, SIDBI also organized a national sharing and learning 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. 

SIDBI has for the first time come out with the MSME State Profiles of 16 States, which was launched on September 12, 2022. These State Profiles are to be provided to state governments for them to take advantage of the profiles and spread the best practices followed for the benefit of MSME in their respective state.

CMD SIDBI stated that the objective of the MSME State Profile is to understand the existing practices and initiatives about the MSME ecosystem in the states across India. The reports contain the brief industry profile of the state, cluster development initiatives, supporting agencies, state-promoted schemes, policies, and partnership with GoI in twinning various schemes. The report also captured the best practices that are being implemented in the other states and suggested measures to create a more conducive environment to develop start-up entrepreneurs and strengthen existing MSMEs. 

About SIDBI:

Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under an Act of the Indian Parliament, as the Principal Financial Institution for Promotion, Financing, and Development of the Micro, Small, and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities. In the context of the changing MSME lending landscape, the role of SIDBI has been realigned through the adoption of SIDBI Vision 2.0 which envisages an integrated credit and development support role of the Bank by being a thought leader, adopting a credit-plus approach, creating a multiplier effect and serving as an aggregator in MSME space.

About Post Author

Editor Desk

Antara Tripathy M.Sc., B.Ed. by qualification and bring 15 years of media reporting experience.. Coverred many illustarted events like, G20, ICC,MCCI,British High Commission, Bangladesh etc. She took over from the founder Editor of IBG NEWS Suman Munshi (15/Mar/2012- 09/Aug/2018 and October 2020 to 13 June 2023).
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