Punjab Govt SIDBI to support six month plan to boost MSME

Ludhiana | Wednesday | 18th August, 2021

Summary:

The aim of the programme is to advance Punjab's transformation 'Saada Karobaar Punjab di Shaan' and helping Micro Small & Medium Enterprises (MSME) scale up their business efficiently. The Growtherator is a small business accelerator programme (six-month cohorts) to support 30 promising enterprises in improving their productivity efficiency and profitability significantly. Businesses with annual revenue of Rs 2 crore to Rs 50 crore that are led by women (majority equity owned by women) are also encouraged to apply. Punjab currently has close to 3 lakh MSME and it is imperative that we nurture encourage and support local entrepreneurship with the larger aim of driving growth. The first cohort of Growtherator addressed the gaps and equipped MSME to chart a new path for seamless growth..