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Assam Government signed Agreement with SIDBI

Published on September 17, 2021
Current Context: The Government of Assam signed an agreement with the Small Industries Development Bank of India (SIDBI).
Assam Government signed Agreement with SIDBI
  • The agreement was signed to set up an innovation fund to promote the startups in the state.
  • In this regard, the SIDBI and Assam Government signed a commitment letter of Rs 350 crore.
  • Both entities will create clusters to make the agreement work in a seamless manner and promote startups.
  • The partnership will also promote a 'one district-one-product initiative'.
  • The agreement will work to promote, finance, and develop the MSME sector.
  • They will jointly support and promote self-help groups to the enterprise level and bring them into the formal sector of the economy.
  • Static Part: 
    • HQ of SIDBI: Lucknow, UP
    • National Parks in Assam: Dibru-Saikhowa NP, Kaziranga NP, Manas NP, Nameri NP, Orang NP

Question: 

Q.1 With which state has SIDBI signed an agreement of Rs 350 crore to support startups?
a. Assam
b. Maharashtra
c. Uttar Pradesh
d. Madhya Pradesh
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