Agra, Sept. 19 -- Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with the Uttar Pradesh Government to develop the MSME ecosystem in the state.

The MoU was exchanged by Navneet Sehgal, IAS, Additional Chief Secretary (Department of MSME), UP government and Manoj Mittal, Deputy Managing Director, SIDBI in the presence of the Chief Minister of Uttar Pradesh Yogi Adityanath.

Under the MoU, a Project Management Unit (PMU) will be deployed by SIDBI with the UP government. The PMU will support the state government in making necessary interventions for enhancing efficacy of MSMEs in the state.

The PMU will also develop a comprehensive plan for an organized development and growth of the ...