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MoU between Gujarat and SIDBI

Signing of an MoU Between Gujarat and SIDBI to Give a Hand to MSMEs During the Covid-19 Pandemic

By Najma Hashemi --
Tuesday, 17 Nov, 2020

For the increment of independency and providing capacity building and market support to the 35 lakh Micro, Small, Medium- sized Enterprises (MSMEs) of the Gujarat state, an MoU was signed between the state government with the Small Industries Development Bank of India (SIDBI).

Based on a report, Additional Chief Secretary of Industries and Mines MK Das and SIDBI Deputy Managing Director Vasantharao Satya Venkata Rao signed the MoU before the Chief Minister Vijay Rupani in Gandhinagar.

As it is stated, the purpose of the MoU is to “accelerate technology transfer and innovation in state MSMEs through training and capacity building programs”.

It has been added that the small scale industries in the state will be assisted by SIDBI to be released from the existing pandemic effectively; besides, SIDBI will appraise the possibility of infrastructure construction projects and common facility centres (CFCs) for MSME clusters in the state.

As said, SIDBI will help the MSMEs out with launching the digital platforms, in order to enable them to emulate with the trends all over the world.

It is expressed that: “Under the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS), so far, Rs 10,56,268 lakh loans have been approved for 2,11,532 MSME units in the state to get over financial difficulties. The state government also announced a package of Rs 768 crore to assist MSMEs in the COVID-19 situation,”.

“The Chief Minister has been aiming to enable such MSME industries to survive global market competition with incentives like a capital subsidy, interest subsidy, patent assistance, technology acquisition,” it said.

State Additional Chief Secretary of Industries and Mines MK Das and SIDBI Deputy Managing Director Vasantharao Satya Venkata Rao signed the MoU in the presence of Chief Minister Vijay Rupani in Gandhinagar, a release said. The aim is to "accelerate technology transfer and innovation in state MSMEs through training and capacity building programmes," it said.

Signing of an MoU Between Gujarat and SIDBI to Give a Hand to MSMEs During the Covid-19 Pandemic. <p>For the increment of independency and providing capacity building and market support to the 35 lakh Micro, Small, Medium- sized Enterprises (MSMEs) of the Gujarat state, an MoU was signed between the state government with the Small Industries Development Bank of India (SIDBI).</p>

<p>Based on a report, Additional Chief Secretary of Industries and Mines MK Das and SIDBI Deputy Managing Director Vasantharao Satya Venkata Rao signed the MoU before the Chief Minister Vijay Rupani in Gandhinagar.</p>

<p>As it is stated, the purpose of the MoU is to “accelerate technology transfer and innovation in state MSMEs through training and capacity building programs”.</p>

<p>It has been added that the small scale industries in the state will be assisted by SIDBI to be released from the existing pandemic effectively; besides, SIDBI will appraise the possibility of infrastructure construction projects and common facility centres (CFCs) for MSME clusters in the state.</p>

<p>As said, SIDBI will help the MSMEs out with launching the digital platforms, in order to enable them to emulate with the trends all over the world.</p>

<p>It is expressed that: “Under the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS), so far, Rs 10,56,268 lakh loans have been approved for 2,11,532 MSME units in the state to get over financial difficulties. The state government also announced a package of Rs 768 crore to assist MSMEs in the COVID-19 situation,”.</p>

<p>“The Chief Minister has been aiming to enable such MSME industries to survive global market competition with incentives like a capital subsidy, interest subsidy, patent assistance, technology acquisition,” it said.</p>

<p>State Additional Chief Secretary of Industries and Mines MK Das and SIDBI Deputy Managing Director Vasantharao Satya Venkata Rao signed the MoU in the presence of Chief Minister Vijay Rupani in Gandhinagar, a release said. The aim is to "accelerate technology transfer and innovation in state MSMEs through training and capacity building programmes," it said.</p>

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