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SIDBI signed MoU with West Bengal

Published on December 27, 2021
Current Context: The Small Industries Development Bank of India (SIDBI) has signed an MoU with the Government of West Bengal.
SIDBI signed MoU with West Bengal
  • The MoU was signed to develop the MSME ecosystem in West Bengal.
  • In this regard, the SIDBI’s project management unit (PMU) will work to develop MSME in the state.
  • The PMU will analyze current strategies and frameworks of MSMEs in the state and will accordingly guide stakeholders to develop sector-specific products.
  • It will also develop an expert agency in partnership with the MSME department of the state to execute the objectives of MoU.
  • It will support the MSMEs with funds, marketing strategies, digital platforms, etc.
  • Static Part: 
    • HQ of SIDBI: Lucknow, UP
    • CMD of SIDBI: Sivasubramanian Ramann

Question: 

Q.1 Which organization signed MoU with the West Bengal government to develop the MSME ecosystem in the state?
a. SIDBI
b. NABARD
c. SEBI
d. Industrial Finance Corporation of India
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