Thursday, March, 23,2023

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ODOP helps SIDBI-Exim Bank launch new fund

Lucknow: The One District One Product (ODOP) scheme of Uttar Pradesh might become a boon for the new fund launched by Small Industries Bank of India (SIDBI) and India EXIM Bank.

While launching Ubharte Sitare Fund (USF) here on Saturday, Union Finance Minister Nirmala Sitharaman said there is a large number of MSMEs in UP compared to any other state and such initiatives can turn around the export oriented units. She said  maximum MSMEs in UP can avail of the facilities provided under this new fund.  
The minister said USF would extend help to MSMEs in terms of equity, debt and technology to make them champions in the field of export. She said identifying such units and sector was an uphill task. However, in UP this was made easy due to the ODOP scheme. 

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