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Centre keen on easy financing for small industry: Union minister
The Modi regime has opened more avenues of financing for the country’s small and cottage industry, besides encouraging such entrepreneurs to start new projects for employment generation, Union minister of state for medium, small and micro enterprises (MSME) Haribhai Parthibhai Chaudhary said in Chandigarh on Thursday.
The Modi regime has opened more avenues of financing for the country’s small and cottage industry, besides encouraging such entrepreneurs to start new projects for employment generation, Union minister of state for medium, small and micro enterprises (MSME) Haribhai Parthibhai Chaudhary said in Chandigarh on Thursday.
He was addressing a regional MSME conclave, organised by the Confederation of Indian Industry (CII).
As part of this initiative, small entrepreneurs excelling in innovation and adopting new technology will be awarded in Ludhiana on October 18, he said.
He said the Centre’s another initiative included understanding the indigenous needs and problems of the small entrepreneurs in their respective states and regions.
“The investment in the MSME sector will generate lakhs of jobs, thus pushing the country’s development,” he said.
INITIATIVES IN THE REGION
Haryana’s finance minister Capt Abhimanyu said the state was trying to create a mechanism so that investments up to Rs 10 crore and factory spread over an acre get all clearances at the deputy commissioner’s level.
Punjab principal secretary Anirudh Tiwari said the border state was “striving to create an ecosystem where MSME sector flourishes”. He sought the Centre’s initiative in setting up knowledge facilitation centres for the industry.
The CII’s regional committee head for the small industry, Kavi Arora said they were working on three MSME clusters — agriculture implements, pharmaceutical and auto components in Ludhiana, Baddi and Faridabad, respectively. He felt an urgent need to re-visit the definition of MSME, as defined under the MSME Act-2006.
TOLL-FREE HELPLINE FOR PADDY FARMERS
Farmers across Punjab can now lodge paddy procurementrelated complaints with deputy chief minister Sukhbir Singh Badal at toll-free helpline 1905 or through email (sukhbirsinghbadal@punjab.gov.in), said a spokesman on Thursday.
