SIDBI sets up MSME Centre for Excellence

Small Industries Development Bank of India (SIDBI) has signed Memorandum of Understanding (MoU) with the National Institute of Bank Management (NIBM) to set up a ‘MSME Centre of Excellence’ at the latter’s campus in Pune.

The purpose of the Centre is to provide strong academic leadership in the field of micro, small and medium enterprise (MSME) financing, identify areas of research and development and lead an appropriate research program, undertake efforts for innovative models and methods for MSME financing, provide knowledge dissemination based on national and international best practices in financing MSMEs and build the capacities of the banks around the above purposes. For the purpose, NIBM would institute a Professorial Chair for the Centre, at their Institute. This Centre is expected to address the lack of researched data for policy makers and other stake holders associated with this sector to facilitate availability of adequate and timely credit to MSMEs.