Kakinada, May 3 (KNN) The Small Industries Development Bank of India (SIDBI) will offer an institutional credit of Rs 20 crore to establish approximately 200 micro industries in the Godavari region of Andhra Pradesh. 

The micro industries are expected to be set up in the current financial year of FY23. 

T. Srinivasa Rao, Regional officer SIDBI said that the bank will support and assist individuals, groups, self-help groups and farmers’ producers’ organisations,

The primary financial institution for MSMEs will also boost employment for locals by helping small entrepreneurs set up industries. 

Districts such as Kakinada, East Godavari, Konaseema and Alluri Seetharama Raju falls under the Godavari region.

Small scale industries will also get a push by the bank on the marketing front. (KNN Bureau )