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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


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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