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Govt of Assam receives Rs 350 cr from SIDBI under Cluster Development Fund

Wednesday, 15 Sep 2021
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The Small Industries Development Bank of India (SIDBI) has handed over a commitment letter to the government of Assam worth Rs 350 crore under the Cluster Development Fund. 
Under this fund, critical gap in infrastructure and logistics will be plugged to promote identified products in each district for export. 
SIDBI has agreed to partner with the state government in setting up an innovation fund to promote start-ups in Assam.
SIDBI has also agreed to support and promote SHGs in the state to enterprise level and bring them in formal sector of economy.
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