New Delhi

Gujarat Government’s Industry Department and Central Government’s Small Industries Development Bank of India (SIDBI) entered into an MoU in presence of Chief Minister Vijay Rupani here today. It was signed by Chief Minister’s Additional Chief Secretary and Additional Chief Secretary for Industry and Mines M.K. Das and SIDBI DMD Vasantharao Satya Venkata Rao.

Speaking on the occasion, Rupani reiterated his government’s commitment to encourage the MSME sector. It recently announced Rs.768-crore Atmanirbhar package as part of slew of incentives to the MSME sector under the new Industrial Policy-2020. He exude confidence that over 35 lakh MSME units, providing maximum jobs in Gujarat, would continue to get active support and guidance of SIDBI. Rupani said the MoU with SIDBI is intended to provide financial assistance, capital subsidy, interest subsidy, patent assistance, technology transfer and acquisition, innovation  to provide financial assistance, market support, innovation, technology transfer, build capacity to compete in the global market.

He said SIDBI will help the small industries in the state in the prevailing situation due to COVID-19, will suggest the Gujarat Government ways to increase the scope and effectiveness of the sector after evaluation of infrastructure projects to develop MSME clusters and common facility centres, help MSME units develop in tandem with global trends, compete on the digital platform through hand-holding. Rupani said that Rs.10,56,268 lakh loan has been approved so far for 2,11,532 MSME units of Gujarat under Emergency Credit Link Guarantee Scheme as part of the Central Government’s Atmanirbhar Package.

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