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SIDBI Launches ‘Development of Industry Associations (DIA)’ Scheme to Strengthen MSME Ecosystem.

Banking & Finance | Dated: 04 Oct 2025

In September 2025, M. Nagaraju, Secretary of the Department of Financial Services (DFS), Ministry of Finance (MoF), launched the Small Industries Development Bank of India’s (SIDBI) new scheme ‘Development of Industry Associations (DIA)’ during the National Conclave on DIA held in New Delhi, Delhi. The initiative seeks to enhance MSME competitiveness through a sustainable and innovative cluster development model.

🎯 Key Highlights:

  • - The scheme has been designed to strengthen Micro, Small, and Medium Enterprises (MSMEs) by promoting a cost-effective, innovative, and self-sustaining cluster development approach across India.
  • - DIA provides demand-driven assistance to MSMEs for infrastructure creation, skilled manpower availability, and support for early-stage activities to promote growth and competitiveness.
  • - Alongside DIA, an industry portal was launched during the conclave. This digital Business-to-Business (B2B) platform aims to empower industry associations and their members.

💡 Other Important Facts:

  • (i) The portal will serve as a hub for research, networking, information-sharing, and resolving both financial and technical challenges faced by industry associations and MSMEs.
  • (ii) Together, the DIA scheme and the industry portal aim to digitally transform and strengthen the MSME ecosystem, positioning it as a key driver of inclusive economic growth.

📚 Test Your Knowledge:

Which new scheme was recently launched by SIDBI to strengthen the MSME ecosystem in India?

Correct Answer: DIA

🚀 Quick Recap:

About SIDBI

  • Headquarters: Lucknow, Uttar Pradesh
  • Chairman & MD : Manoj Mittal