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SIDBI signed MoU with Andhra Pradesh Gov.

Published on February 28, 2021
Current Context: The Small Industries Development Bank of India (SIDBI) has signed an MoU with the Government of Andhra Pradesh for the development of the MSME ecosystem in the state.
SIDBI signed MoU with Andhra Pradesh Gov.
  • Under this MoU, a Project Management Unit (PMU) will be set up by SIDBI.
  • The PMU will help to frame schemes and programmes to uplift the MSME ecosystem in the state.
  • The schemes and programmes will be in areas like equity support, interest subvention, resolution of stressed MSMEs, supporting MSME entrepreneurs and facilitate other need-based intervention.
  • The PMU will also analyse the current status of various schemes and programmes which are framed to uplift MSMEs and will accordingly make modifications if required.
  • SIDBI has set up an expert agency for setting up PMU in 11 Indian states.
  • Static Part: 
    • HQ of SIDBI: Lucknow, UP

Question: 

Q.1 Which organisation signed MoU with Andhra Pradesh Gov, to uplift the MSME ecosystem of the state?
a. State Bank of India
b. Small Industries Development Bank of India
c. NITI Aayog
d. Securities and Exchange Board of India
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