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Karnataka Map THMB Govt assures better implementation of all MSME schemes

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SME Times News Bureau | 28 Jun, 2013
The Minister of Micro, Small and Medium Enterprise (MSME), K. H. Muniyappa Thursday assured all his support and cooperation to the Government of Karnataka for better implementation of all schemes.

The MSME Minister and the Chief Minister of Karnataka, Siddaramaiah discussed various selective schemes and programmes of MSME Sector during their meeting in New Delhi on Thursday.

Muniyappa informed Siddaramaiah that under the Prime Minister's Employment Generation Programme(PMEGP), every year the government  will target over 100 new enterprises in all districts of the country including Karnataka which will create 65000 -70,000  new first generation enterprises every year with employment opportunities for over 5.20 lakh persons every year.

Minister for MSME also highlighted that under the Skill Development Programme, one new Tool Room is going to be set up in Karnataka,  at Devanhalli in Bangalore to develop as Aerospace Park which would  enhance the quality of the skills in the region.

Muniyappa also emphasized that MSME is going to support clusters development under SFURTI scheme for micro enterprises.  

One cluster in each district will be taken for development. In Karnataka, so far interventions in 16 clusters have been initiated and twenty more clusters have been taken up for development. Under this programme the assistance can be extended to 10 crores depending upon the needs and more than one cluster can be supported by MSME ministry as per existing potential.

Muniyappa said that under Cluster Developmemt Programme (CDP) more than 40 clusters have been identified in Karnataka recently and many more are in pipeline for future interventions in terms of infrastructural development and setting up CFCs for enhancing the productivity and quality of manufacturing.
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Govt assures better implementation of all MSME schemes - See more at:
Satish Kumar Vitta | Wed Jul 3 01:58:02 2013
Sir, it is heartening to note the initiative. I would request all governments to shift focus from BIG NUMBERS TO TIMELY ASSISTANCE. Most of the times the incentives do not reach the eligible in time and this alone is the reason for crimping the Micro and Small units, in majority of the cases. Of course, certain state financial corporations and banks allow bridge loans against incentives, but the delay will burden the eligible with interests.

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