Meet aims to set up 40,000 MSME units in MP: Union minister | indore | Hindustan Times
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Meet aims to set up 40,000 MSME units in MP: Union minister

indore Updated: Oct 08, 2014 15:07 IST
HT Correspondent
HT Correspondent
Hindustan Times
Global Investors Summit

After the last Global Investors Summit (GIS) around 20,000 MSME units were set up in the state and this year the target is to double the number, said Union minister for Micro Small and Medium Enterprises (MSME) Kalraj Mishra.

Mishra was speaking at a press meet on the eve of three-day GIS being held in Indore from Wednesday. He said MSME units were crucial for providing employment to the thousands of jobless people not only in Madhya Pradesh but also all over India.

Speaking on the new MSME policy being drafted by the central government, he said transparency will be the cornerstone in the new policy. At present, there is no separate policy for this sector and it is governed by the industrial policy in force.

He said that MSME units will be given time bound clearance from all agencies and everything would be put up in the website to ensure transparency and accountability. He said that all the rules were being simplified and only self-certification would be necessary for registration.

He said under the new policy, all government departments and PSUs will have to buy 20 percent of items from MSMEs and of that 4 percent would have to be from units run by women, SCs and STs.

Mishra said the government's aim was to ensure that entrepreneurs from rural areas come up and set up MSMEs and for that purpose the number of existing skill development centres, like incubation centres and tool rooms were being increased from 84 to 500 and from 15 to 33 respectively.

He said government had signed a MoU with Samsung and they would set up 10 skill development centres in India which would train 10,000 youths every year.

Mishra said scope of credit guarantee fund for MSME units was being expanded and states have been asked to make deposits in the fund following which the Centre would provide an equal amount, which would be disbursed among the MSME units of the state. Mishra said the fund would go a long way in facilitating easy availability of finance for this sector.

Answering question on BJP's prospects in Maharashtra polls, Mishra said that at present because of prime minster Narendra Modi the world want to come to India and do business and the people of Maharashtra understand this. "I don't think they will do anything to weaken PM Modi and so BJP will form government in that state."