ENA State 2022-03-16 06:23:25 <p><strong>Coimbatore, Mar 16 (KNN)</strong> Micro, Small, Medium Enterprises (MSMEs) in Tamil Nadu that are startups or incubatees of SRM Institute of Science and Technology (SRMIST) will be supported through direct financing under a partnership with Tamil Nadu Industrial Investment Corporation (TIIC).</p> <p>To boost credit delivery to MSMEs and startups, TIIC has signed an MoU with with SRMIST and Project Management Associates (PMA).</p> <p>This is one of the initiatives taken by the state government of Tamil Nadu to create an innovation-friendly startup ecosystem by partnering with various stakeholders.</p> <p>Through this pact TIIC is aiming at developing new mechanisms to increase credit delivery to the MSME sector in the State. </p> <p>Capacity building programmes will be organised by the PMA for officers of TIIC from next month which will focus at improving management capabilities of clients of TIIC.</p> <p>This is expected to improve the quality and efficiency of the assistance which will benefit MSMEs. <em><strong>(KNN Bureau)</strong></em></p> 28637 https://knnindia.co.in/news/newsdetails/state/tamil-nadu-msmes-incubated-under-srmist-to-receive-direct-funding 2022-03-16 06:23:25 knnindia.co.in