Sidbi partners with Tamil Nadu to bolster MSME ecosystem in the state

Sidbi will deploy a project management unit in the Tamil Nadu government to design training and capacity-building programmes to be taken up by the state in various areas

The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with the Tamil Nadu government to develop the ecosystem for micro, small and medium enterprises (MSMEs) in the state.

Under the MoU, Sidbi will deploy a project management unit (PMU) in the government of Tamil Nadu to design training and capacity-building programmes to be taken up by the state government in areas such as technology transfer, promotion of innovation, intellectual property rights, research & development, leveraging of technology/technology solutions for enhancing business capabilities and collaborations between MSMEs & technology driven businesses/startups, etc.

The PMU will