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MSME Financing and Development Project
Location: 18 MSME clusters (Kanpur, Chennai, Kolkata, Pune, Ganjam, Allepey, Panipat, Bhadohi, Indore, Dehradun, Hyderabad, Ahmedabad, Rajkot, Chandigarh, Rourkela, Ludhiana, Tirupur, Coimbatore)
Duration: Till October 2011
Funding agency: Department for International Development, UK
This will outline the context and aims of your program/project.SIDBI is implementing SME Financing and Development Project which is aimed at making MSME lending an attractive and viable financing option as also facilitate increased turnover and employment in the sector. In order to achieve its aims, the Project, besides upgrading direct flow of credit to MSMEs, addresses demand side issues of credit and streamlining access to qualitative financial and non-financial enterprise oriented services.
The project has undertaken initiatives like working with BEE for creation of a shelf of energy efficient technologies for 25 clusters, implementing energy efficient technologies and financing eligible proposals for energy efficient measures, publication of handbooks on EE for 4 sectors viz. Ceramics, Engineering, Foundry and Fruit & Vegetable processing to enhance awareness about simple, cost-effective solutions that would reduce the energy consumption and improve the competitiveness. The project also builds up the capacities of BDS providers to enable them to offer their services to MSME sector in energy related areas. More than 100 walk - through audits has been completed under the project. The project envisages creation of specific models for cluster financing for energy efficiency.