Setting Up of MSME Centre of Excellence by SIDBI
Hyderabad, May 15: Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with National Institute of Bank Management (NIBM) to set up a 'MSME Centre of Excellence' at the latter's campus in Pune.
The MoU was signed on May 13, 2015 by Dr. Achintan Bhattacharya, Director, NIBM and Shri D. Ghosh, Chief General Manager, SIDBI in the presence of Dr. Kshatrapati Shivaji, Chairman and Managing Director, SIDBI and Shri N. Raman, Executive Director, SIDBI.
The purpose of the Centre is to provide strong academic leadership to the field of Micro, Small and Medium Enterprises (MSME) Financing, identify areas of research & develop and lead an appropriate research programme in the field of MSME Financing, undertake efforts for innovating 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, inter-alia, 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.
News Posted: 16 May, 2015