Recently SIDBI signed an MoU with which state government to set up Project Management Units (PM

SIDBI signed an MoU with the Madhya Pradesh (MP) government to set up Project Management Units (PMU) in the state. The PMUs set up in the state would work in close coordination with the state government and local banks to identify projects beneficial for MSMEs and would assist with financing, policy, scheme-level formulations and recommendations. PMUs design programmes related to equity support, resolution for stressed units, interest subvention and suggest changes to existing schemes and projects in the respective state, if required, to remove barriers to MSMEs’ growth.