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.
