The Small Industries Development Bank of India (SIDBI) signed a memorandum of understanding with CSC e-governance Services (CSCeGS) to take Udyami Mitra portal to the unserved and the underserved MSMEs. Udyamimitra.in is a portal to improve accessibility of credit for the MSMEs. CSCeGS is a special purpose vehicle (SPV) set up by Ministry of Electronics and IT (MeitY) which acts as connect point for various digitally aligned services to villages in the country.
There are more than 5.5 Million MSMEs across India. A major challenge ahead of policymakers is about ensuring the maximum usage of those Government schemes which are designed for this large chunk on MSMEs.
This initiative is expected to make a significant contribution in the solution for this problem.