Small Industries Development Bank of India (SIDBI), the main monetary establishment for MSME sector, has entered into an MoU with West Bengal Small Industries Development Corporation Limited (WBSIDCL) to develop the eco-system for micro and small enterprises within the state, a spokesman mentioned on Saturday.
The MoU was exchanged by Nikhil Nirmal, MD of WBSIDCL,and Sudatta Mandal, deputy managing director, SIDBI, within the presence of H Ok Dwivedi, chief secretary of the West Bengal, in the course of the MSME sectoral session of Bengal Global Business Summit (BGBS), held in Kolkata on April 21, 2022.
The goal of this MoU is to reinforce cooperation between the state authorities and SIDBI to additional speed up the event of MSMEs in West Bengal in a structured and deliberate method and facilitate the entrepreneurs with handholding help and monetary help from SIDBI at a aggressive value, for assembly their monetary and developmental wants.
Under the MoU, WBSIDCL shall present a devoted desk to SIDBI for establishing an MSME facilitation desk, whereas the latter shall present the required sources.
After allotment of land to the eligible MSMEs, WBSIDCL shall ahead a duplicate of the land allotment letter to SIDBI which shall undertake evaluation of the purposes originated via the MSME facilitation desk/WBSIDCL/different state companies on fast-track foundation. SIDBI could make cost in direction of eligible value of land for the help of worthy tasks on to WBSIDCL, out of the mortgage sanctioned to the eligible MSME on deserves.
WBSIDCL shall enable dissemination of the amenities obtainable with SIDBI and shall share the related database/info associated to MSMEs, and WBSIDCL shall designate a nodal officer for co-ordination with SIDBI, the spokesman added.
Dwivedi said that this MoU could be helpful to the MSMEs within the state of West Bengal, when it comes to acceleration in establishing their models and getting institutional help in a quicker method
Source: www.financialexpress.com”