MSME State Profile 2022

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Publishing of MSME State Profile 2022

MSME State Profile 2022

Publishing of MSME State Profile 2022 Small Industries Development Bank of India (SIDBI), the Principal Financial Institution engaged in the promotion, financing, and development of Micro, Small, and Medium Enterprises MSMEs has been working closely with state governments to strengthen the MSME eco-system at the State level, based, inter alia, on the recommendation of UK Sinha Committee report.

SIDBI has extended technical assistance to states by setting up Project Management Unit (PMU) in 19 states. This PMUs have been working closely with nodal departments of the State to facilitate shaping enterprise/industrial policies and also adopt good practices in other states.

Under SIDBI Cluster Development Fund, concessional loan support to state governments for the development of infrastructure in clusters is provided.

In a few of the states going beyond hard infrastructure, SIDBI has also extended soft infrastructure support in a few clusters.

SIDBI has been proactively engaging with state governments to avail of this and build/enhance MSME infrastructure.

As part of the development initiative, SIDBI also organized a national sharing and learning shop for state stakeholders, which evinced appreciative participation. 

Read moreSIDBI joins hands with Meghalaya for the Development of the MSME Ecosystem in the State

SIDBI brought out state profiles in respect of enterprise/industrial policies and good practices adopted in other states through our Project Management Units (PMUs) of 16 States viz.

Andhra Pradesh, Assam, Delhi, Gujarat, Haryana, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, Uttarakhand, Uttar Pradesh, Telangana, J&K, West Bengal, Odisha, and Bihar. 

SIDBI has for the first time come out with the MSME State Profiles of 16 States, which was launched on September 12, 2022.

These State Profiles are to be provided to state governments for them to take advantage of the profiles and spread the best practices followed for the benefit of MSMEs in their respective state.

CMD SIDBI stated that the objective of the MSME State Profile is to understand the existing practices and initiatives about the MSME ecosystem in the states across India.

The reports contain a brief industry profile of the state, cluster development initiatives, supporting agencies, state-promoted schemes, policies, and partnerships with GoI in twinning various schemes.

The report also captured the best practices that are being implemented in the other states and suggested measures to create a more conducive environment to develop start-up entrepreneurs and strengthen existing MSMEs.

Read morePNB receives the National MSME Award from Prime Minister Narendra Modi

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