Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with National Institute of Bank Management (NIBM) to set up an MSME Centre of Excellence.

It will be set up in NIBM&’s campus in Pune. 

The MoU was signed by Achintan Bhattacharya, director of NIBM and D. Ghosh, chief general manager of SIDBI in the presence of Kshatrapati Shivaji, chairman and managing director of SIDBI and N. Raman, executive director of SIDBI.

The Centre will provide strong academic leadership to the field of Micro, Small and Medium Enterprises (MSME) financing, identify areas of research and develop and lead an appropriate research programme in the field of MSME financing.

For the purpose, NIBM would, inter-alia, institute a Professorial Chair for the Centre, at their Institute. The centre is expected to address the lack of researched data for policy makers and other stakeholders associated with the sector to facilitate the availability of adequate and timely credit to MSMEs.