+
SIDBI Signs MoU with BAN to Boost MSME Growth in Nagaland
ECONOMY & POLICY

SIDBI Signs MoU with BAN to Boost MSME Growth in Nagaland

In a move to bolster entrepreneurship and MSME development in Nagaland, the Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with the Business Association of Nagas (BAN) under its PROMO Scheme — a programme for capacity building of Business Member Organisations.

The agreement, signed by L. Mongkum Jamir, President of BAN, and Bhanu Prakash Verma, General Manager, Guwahati Region, SIDBI, focuses on capacity building, improved access to credit, and holistic development of MSMEs in the state.

The event featured presentations on SIDBI’s developmental and financial support schemes, aimed at empowering local businesses. SIDBI has played a pivotal role in the state since 1990, offering skill development programmes, common facility centres, and in recent years, direct financial assistance to MSMEs.

SIDBI is also collaborating with the Government of Nagaland through its Cluster Development Fund (SCDF) to finance infrastructure and MSME-linked projects, mirroring the NABARD Rural Infrastructure Development Fund (RIDF) model.

The partnership reaffirms SIDBI and BAN’s shared commitment to nurturing local enterprises, enhancing entrepreneurial capacities, and promoting sustainable growth in Nagaland’s MSME landscape.

In a move to bolster entrepreneurship and MSME development in Nagaland, the Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with the Business Association of Nagas (BAN) under its PROMO Scheme — a programme for capacity building of Business Member Organisations. The agreement, signed by L. Mongkum Jamir, President of BAN, and Bhanu Prakash Verma, General Manager, Guwahati Region, SIDBI, focuses on capacity building, improved access to credit, and holistic development of MSMEs in the state. The event featured presentations on SIDBI’s developmental and financial support schemes, aimed at empowering local businesses. SIDBI has played a pivotal role in the state since 1990, offering skill development programmes, common facility centres, and in recent years, direct financial assistance to MSMEs. SIDBI is also collaborating with the Government of Nagaland through its Cluster Development Fund (SCDF) to finance infrastructure and MSME-linked projects, mirroring the NABARD Rural Infrastructure Development Fund (RIDF) model. The partnership reaffirms SIDBI and BAN’s shared commitment to nurturing local enterprises, enhancing entrepreneurial capacities, and promoting sustainable growth in Nagaland’s MSME landscape.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code