Vol: 2, Issue: 3 2012

Page: 77-82

Study on Small Industries Development Bank of India (SIDBI)

Ramesh Singh

There is a positive trend at present in the industry towards technological up-gradation and quality improvement. These factors indicate that MSMEs are on their way to face new challenges brought by liberalization process and make most of an opportunity which the present competitive environment offers them. A number of organizations have been set up by the Government to provide assistance and incentives to MSMEs. In certain cases, MSMEs are protected against competition from large industries. Packages of assistance are provided to MSME entrepreneurs by large number of organizations operating at national and state levels. The development of MSME is a state subject but the Government of India hasassumed the responsibility for planning and coordinating the developmental programmes in view of the national importance of this sector. Therefore, the development programmes for MSME are carried out both at national and state level.