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SIDBI signs MoU to facilitate development of MSMEs in West Bengal

SIDBI signs MoU to facilitate development of MSMEs in West Bengal

25 December 2021
| By Invoice Bazaar

Small Industries Development Bank of India (SIDBI) has signed a memorandum of understanding (MoU) with the government of West Bengal for facilitating the development of the micro, small and medium enterprises (MSME) ecosystem in the state. As per the MoU, SIDBI will deploy a project management unit (PMU) to work with the West Bengal government and support the latter in making necessary interventions for focused development and strengthening of the MSME ecosystem. The critical functions of the PMU would be to guide stakeholders for developing MSME clusters and sector-specific products while handholding the MSMEs for onboarding them on digital platforms for funding, marketing, and listing.

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SIDBI signs MoU to facilitate development of MSMEs in West Bengal

Related Articles

The transaction banking revolution has only just begun

Global Trade Finance Gap Expands to $2.5 Trillion in 2022

How blockchain-based facilities can close the $2tn global trade finance gap

The Impact of COVID-19 on Trade Finance: A Retrospective Analysis

Innovating Trade Finance for MSMEs

The Future of FinTech: The Technological Revolution in Trade Finance

The Rising Influence of Non-Bank Financial Institutions in today’s market

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The world’s trading system needs to ditch its paper trail

A new paradigm for global trade

Digital Supply Chain Finance is the future for global economic development & recovery

CRR hit to trade-finance banks should be avoided

Are the current Indian policies with regard to export financing sufficient to beat inflation?

Triterras wins the Singapore SME 500 Award 2023

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