Assam plans to develop its MSME ecosystem, MoU signed with SIDBI

Guwahati: Assam's Industries and Commerce Department had signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) under which a Project Management Unit (PMU) will be deployed by SIDBI with the government of Assam.

The PMU is going to support the State Government in making necessary interventions for enhancing the efficacy of Ministry of Micro, Small & Medium Enterprises (MSMEs) in the state.

The MoU was exchanged by Pabitra Ram Khaund, Secretary of Industries and Commerce Department and Dr R.K. Singh, General Manager, SIDBI in the presence of Industries and Commerce Minister Chandra Mohan Patowary and Commissioner and Secretary, Dr KK Dwivedi.

Through this MoU, SIDBI in association with Industries and Commerce Department aims to develop the MSME concept in the state.

The Industries and Commerce Minister, Chandra Mohan Patowary had tweeted:

Industries and Commerce Minister, Chandra Mohan Patowary had said that this collaboration with SIDBI will bring all the MSMEs of the state to the formal, organised sector. He had asked SIDBI to create awareness of its microfinancing system for the benefit of the people.

He had also stressed on SIDBI's handholding support to the indigenous entrepreneurs working in sectors like bamboo, bell metal, japi etc. He said that with such an initiative, Assam could be 'atmanirbhar' in the true sense of the term.

Commissioner and Secretary, Dr KK Dwivedi said that this arrangement will accelerate the development of the MSME sector in the state.

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