MSME Financing and Development Project
Location18 MSME clusters (Kanpur, Chennai, Kolkata, Pune, Ganjam, Allepey, Panipat, Bhadohi, Indore, Dehradun, Hyderabad, Ahmedabad, Rajkot, Chandigarh, Rourkela, Ludhiana, Tirupur, Coimbatore)
DurationTill October 2011
Funding AgencyDepartment for International Development, UK
Implementation AgencyProject Management Division, SIDBI
People and key organizationsWhile the IBRD, Department for International Development (DFID) UK, KfW Germany and GTZ Germany are the international partners in the Project Department of Financial Services, Ministry of Finance, Government of India is the nodal agency for the project. The Project Management Division SIDBI is also working with various organizations at field level. Some of the major partners are Credit Information Bureau (India)Limited, SME Rating Agency of India Limited, Cluster Pulse, IL&FS Cluster Development Institution, Apex Cluster Development Services, APITCO, Entrepreneurship Development Institute of India , Andhra Pradesh State Financial Corporation etc.
SummarySIDBI 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 29 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 Business Development Services 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.
ContactMr R K Das
Project Management Division
MSME Financing & Development Project
Small Industries Development Bank of India (SIDBI) New Delhi
Head Office Videocon Tower, Ground Floor E-1,Rani Jhansi Road
Phone 91-11 23 68 24 73-77
Fax (91-11) 23 68 24 62
www.msmefdp.net / www.sidbi.in