|With the intent to facilitate increased flow of credit to MSMEs and support other developmental initiatives, SIDBI is implementing a multi-agency, multi-activity flagship project on financing and development of Small and Medium Enterprises in India.
SIDBI has been assigned with the responsibility of implementing the project, Banking Division, DEA of the Ministry of Finance; Government of India (GoI) is the nodal agency for the same. For implementation of the project, SIDBI has set up a dedicated Project Management Division (PMD) at New Delhi. The World Bank, Department for International Development (DFID), UK, KFW and GTZ, Germany are the major international partners in the project.
The objective of this project is to, interalia, improve MSME access to finance (including term finance) and market oriented BDS, thereby fostering MSME growth, competitiveness and employment creation. The project is designed to achieve this objective through a multi-pronged approach that will address key bottlenecks to MSME financing and development in India.
APITCO has emerged as the preferred bidder for Pharmaceutical sub-sector after evaluation of its competencies by SIDBI-PMD in technical and commercial areas.
The total project duration is 32 months and is planned to be implemented in the flowing phases: