SIDBI is going to provide support in developing private industrial parks in the state under the latter’s PLEDGE (Promoting Leadership and Enterprise for Development of Growth Engines) scheme.Which state government is running this scheme?

Small Industries Development Bank of India (SIDBI), has signed MoU with the Uttar Pradesh (UP) government’s Department of MSMEs and Export Promotion to help develop private industrial parks in the state under the latter’s PLEDGE (Promoting Leadership and Enterprise for Development of Growth Engines) scheme.As per the MoU, SIDBI will offer financial assistance to meet the funding gap for establishing private industrial parks. SIDBI will also provide financial support to eligible MSMEs for setting up their units in these industrial parks and also to enterprises setting up green projects.