ENA State 2022-05-03 07:00:53 <p><strong>Kakinada, May 3 (KNN)</strong> 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. </p> <p>The micro industries are expected to be set up in the current financial year of FY23. </p> <p>T. Srinivasa Rao, Regional officer SIDBI said that the bank will support and assist individuals, groups, self-help groups and farmers producers organisations,</p> <p>The primary financial institution for MSMEs will also boost employment for locals by helping small entrepreneurs set up industries. </p> <p>Districts such as Kakinada, East Godavari, Konaseema and Alluri Seetharama Raju falls under the Godavari region.</p> <p>Small scale industries will also get a push by the bank on the marketing front. <em><strong>(KNN Bureau )</strong></em></p> 29070 https://knnindia.co.in/news/newsdetails/state/sidbi-to-fund-200-micro-industries-in-godavari-region-of-andhra-pradesh 2022-05-03 07:00:53 knnindia.co.in