SIDBI Indicators Memorandum of Understanding with the Bihar State Government to announce the state's micro, small and medium enterprise sector

SIDBI Indicators Memorandum of Understanding with the Government of Bihar to announce the state’s micro, small and medium enterprise sector

PATNA, Feb 17 (KNN) Small Industries Growth Financial Corporation of India (SIDBI) has been associated ) With Bihar authorities to announce the sector of micro, small and medium enterprises within the state.

For this purpose, two Memoranda of Understanding (MOU) have been issued between SIDBI, Department of Industries, Bihar Authorities and Bihar Industrial Space Growth Authority (BIADA) to develop the system The environment for small and medium-sized enterprises within the state.

Under the initial MOU with Bihar Business Department, Challenge Management Models (PMUs) will be published by SIDBI with state authorities, as stated by SIDBI in Advertising.

The Project Management Unit will assist the state authorities in making mandatory interventions for SIDBI Targeted Engagement with Bihar, with a view to facilitating visibility. Supervising the ecosystem for micro, small and medium enterprises. inside the state.

In line with the second MoU, SIDBI will work in coordination with BIADA to make profits for MSMEs who wish to arrange any industrial unit on the land/plot which was designated by Bayada Company to advertise manufacturing within the country, Al-Sudaibi mentioned.

The Memoranda of Understanding were signed in the presence of Syed Shahnawaz Hussain, Minister of Industry of Bihar State. Brijesh Mehrotra, Other General Secretary, Bihar; and Pradeep Kumar Jha, the department responsible for SIDBI Patna. , SMEs in Bihar, particularly when the Piyada land is recognized by SIDBI as collateral, as well as low cost and simple loans to MSMEs.

This may greatly speed up commercial improvement in Bihar, Hussain mentioned in the assertion.

Bihar is the 14th state in which Mehrotra stated that the nation with which Sidibe was associated and will play a key role in strengthening small and medium enterprises in the state.

We work towards strengthening the ecosystem of micro, small and medium enterprises within the country. Sinha stated that SIDBI would set up a professional company with the Bihar Government Industries Department. (KNN office)

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