The objective of the MSME Databank is to create a detailed database of all MSME units in the country and help them participate in the procurement process under the Public Procurement Policy of Government of India. It allows Ministry of MSME to capture the Census data online along with the information and requirements related to Joint Venture, technology transfer, import export of machinery and also enables to streamline and monitor various schemes and policies so that the Ministry can pass on the benefits directly to the MSMEs.
In addition, industry associations such as CII, DICCI can also register themselves on the portal. Furthermore, if an organization is associated with MSME development organizations such as DC MSME, NSIC, KVIC, Coir Board, etc. it can also be enrolled in the databank.
The website - www.msmedatabank.in has been launched to register existing and new SC/ST entrepreneurs and to apprise them of the latest developments regarding the government procurement drive.