Small Industries Development Bank of India (SIDBI) on Friday said it has rolled out various developmental measures for MSMEs on World MSME Day on June 27, 2021.

Under its project SAHAS, SIDBI has soft-launched “Swavalamban Chair for MSME Solutions,” at Government Engineering College, Thrissur, supported by Swavalamaban Resource Facility, set up in partnership with Foreign, Commonwealth, and Development Office, UK.

The initiative will bring product/process solutions to enterprises in the region, support youth under the mentorship of professors to map the local pain points, shape their solutions/ideas, test, validate, and launch their entrepreneurial ventures. The chair shall also foster inter-college learnings. 

Speaking on the development, Shri Sivasubramanian Ramann, Chairman and Managing Director, SIDBI, said,