Sidbi launches various MSME cluster development initiatives

Small Industries Development Bank of India (SIDBI) on Monday said it has launched new small, little and medium enterprises (MSMEs) cluster development focussed initiatives.

SIDBI has been supporting MSMEs through its engaged bunch improvement drives like help for innovation upgradation/modernisation, skilling/re-skilling/up-skilling and market linkages.

The cluster development strategy of SIDBI has progressively developed throughout some stretch of time and it presently caters more than 600 MSME clusters through its offices and supports the whole value chain (Micro Finance, Missing Middle and Small and Medium Enterprises), the financial institution said in a statement.

Some of Unique engagement in clusters include EU Switch Asia for 18 groups of 9 states, group outreach programs followed by setting up of Project Management Unit (PMU) in 11 states with thrust on clusters and state collaboration, State Rural Livelihood Missions (SRLM), Artisanal Cluster and Engagement in One District One Product (ODOP) districts of Uttar Pradesh, it said.