Thursday , 24 June 2021

Government working towards ensuring easier credit flow for MSME sector

With a view to ensure an easy credit flow for the micro, small and medium enterprises (MSME) sector, the Government is working towards removal of problems arising out of its credit guarantee trust fund, Union MSME Minister, Mr Kalraj Mishra said at an ASSOCHAM event held in New Delhi today.

MSMEs Ministry is willing to take responsibility and we have urged various other state governments for credit guarantee trust fund and we are collecting the funds to ensure that banks do not hackle entrepreneurs and instead take up the issue directly with the Ministry

, said Mr Mishra while inaugurating a seminar on ‘Financial Restructuring for MSMEs-Lifeline for Success,’ organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

He also said that the banking sector has a responsibility in development of MSMEs as they have a significant role to play by ensuring easy finance availability to the sector.The MSME Ministry is working on a format to streamline the process of filing entrepreneurs’ memorandum (EM) through an online system, further informed the Union Minister.

As filing of EM-1 and EM-2, a part of our registration process is causing problems in certification, we have given priority to self-certification and have made it operational in about 6-7 states and we are soon going to launch the same”, said Mr Mishra.

We are also working towards fixing a deadline for procurement of NOC from concerned ministries to ensure that our small entrepreneurs do not face any difficulties” he added.

Considering the huge dearth of skilled labour being faced by the MSME sector, the Government is working on joint skill development of labour and entrepreneurs, informed the Union MSME Minister.

The whole idea is for skill development of youth in the rural sector to encourage them for entrepreneurship thereby imparting training through machines by setting up incubation centres on a wide scale”, said Mr Mishra.

Putting a thrust on public, private partnership (PPP) model for growth and development of MSMEs, the Minister said,

Private sector should open technical institutions, tie up with enterprises and train youth in large numbers with a guarantee to provide jobs thereby contributing to the success of Make in India programme.

Financial crunch coupled with poor credit flow, dearth of raw material availability due to poor allocation, marketing problems, poor upgradation of machines, technological problems, labour dogs and others are many procedural problems being faced by entrepreneurs thereby crippling the growth and development of MSMEs in the country”, he added.

The Union minister also said that going ahead MSMEs will play a key role in India’s future economic growth as the sector is responsible for removal of imbalance between social and economic development of the country.

Check Also

पं. दीनदयाल उपाध्याय जी की 103 वीं जयंती, काशी विश्व विद्यालय

काशी हिन्दू विश्वविद्यालय, वाराणसी के महामना सभागार, मालवीय मूल्य अनुशीलन केंद्र में पंडित दीनदयाल उपाध्याय …


  1. since they do not allocate misbehaving horseplay to the brain-teaser cialis generic Ntgocp zggavv price on cialis buy cialis online safely

  2. Taxi moto line
    128 Rue la Boétie
    75008 Paris
    +33 6 51 612 712  

    Taxi moto paris

    What’s up friends, its wonderful paragraph about teachingand entirely defined, keep
    it up all the time.

  3. generic tadalafil: tadalafil pills

  4. where to buy viagra online best place to buy viagra online
    viagra discount

  5. best over the counter viagra viagra without a doctor prescription
    cost of viagra

  6. viagra amazon viagra without a doctor prescription usa
    viagra cost per pill

  7. – over the counter diflucan cream

  8. viagra without a doctor prescription when will viagra be generic

  9. online doctor prescription for viagra viagra over the counter walmart

  10. ed pills without a doctor prescription buy ed pills from canada
    buy ed pills

  11. where can i get prednisone

  12. buy terramycin online: buy flagyl generic
    buy zithromax

  13. india pharmacy mail order: all generic meds from india india pharmacy

  14. buy erectile dysfunction pills online: cialis pills online

  15. clomid coupon: clomiphene citrate – clomid no prescription

  16. where to purchase doxycycline: doxycycline antibiotic – doxycycline

  17. clomid for sale: clomid – cost of clomid

  18. cialis pills: tadalafil generic india – tadalafil 20mg
    finasteride hair loss

  19. ventolin inhalers: buy asthma inhalers without an rx – ventolin 200 mg
    finasteride without doctor

  20. sure save pharmacy erectile dysfunction pills – best india pharmacy
    pharmacy online australia free shipping

  21. cialis original for sale: cialis original for sale – cialis online daily

  22. ordering cialis online australia: much does cialis cost without insurance where can u buy cialis
    cost of cialis without insurance

  23. generic viagra overnight free viagra – viagra for women

  24. buy cialis 36 hour online how to get ciails without a doctor how to get ciails without a doctor

  25. buy cialis online generic cialis original for sale ordering cialis online australia

  26. ed meds online without prescription or membership prescription drugs – google viagra dosage recommendations

  27. vacuum pumps for ed erectile dysfunction pills – erectile dysfunction medication

  28. amoxicillin 250 mg price in india buy amoxicillin – buy amoxicillin online uk

  29. zyrtec pill generic benadryl 100 tablets generic – can you buy zyrtec without a prescription

  30. generic viagra walmart cheap viagra online

  31. azithromycin amoxicillin amoxicillin generic – amoxicillin 500mg for sale uk

  32. viagra price cost of viagra – viagra price

Leave a Reply

Your email address will not be published.

× 9 = eighty one