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Bengal govt, SIDBI to join hands to boost state MSME sector

Updated: Jun 28, 2022 10:07:41am
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Bengal govt, SIDBI to join hands to boost state MSME sector

Kolkata, June 28 (KNN) The West Bengal MSME department is in talks with SIDBI for the extension of the credit facilities to the sector and for providing support to startups in the state.

In a bid to boost the sector hit by the COVID-19 pandemic, the state government is helping clusters by providing training, tools, machinery and setting up common facility centres, said Rajesh Pandey, Principal Secretary, Micro, Small & Medium Enterprises, West Bengal.

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Speaking at a webinar organised by the Bengal Chamber of Commerce and Industry, Pandya said the state government has signed an agreement with the Small Industries Development Bank of India (SIDBI) to on-board Bengal into its schemes for supporting the clusters.

MSMEs have an important stake in the state's economy with nearly 90 lakh units operating out of here, a senior official said.

There are around 550 MSME clusters, including those of handloom and khadi in the state. (KNN Bureau)

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