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Govt mulls collateral free loan for SMEs: MSME Minister
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SME Times News Bureau | 14 Aug, 2015
Union Minister for micro, small and medium enterprise (MSME), Kalraj Mishra Thursday said that the government is working on a proposal to give financial grant to industries without any collateral security, reports media.
The minister said that under the provision, grant and finance would be provided to the rating agency which would release it to the industry.
While addressing industrialists here, Mishra said that in order to avail the benefit of the schemes every industry needs to be getting registered under the provisions of MSME act.
"Narendra Modi-led government is striving to to make India No 1 country in the world for 'Made in India' products," he said.
Speaking about the training facilities for the segment of micro industries, the government is working towards provisions that arrange for small machines and hands-on training to the entrepreneurs to make them expert in their field of manufacturing.
The micro industries such as Bakery and Soap manufacturing industries would be highly benefited by this project, said Mishra.
Answering a query by the industry about the labour laws, the minister said that the government has identified 16 rules in labour laws which need to be either phased out or made simpler for supporting the industry without affecting the interests of the workers.
In one of the major discussions the minister said that the government is concentrating on the cluster wise development of industry. He said that till now 27 clusters have been identified.
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loan
sandeep gujar | Thu Aug 20 05:40:20 2015
Sir its easy to say but bank are not giving thy want we are geting same problem. We register and get paper but now no loan from bank they want colltral
Can any office give later to bank or ordar i think its not possible for ur office
co opration to startup by auto giants
sachdeva joginder | Wed Aug 19 08:01:13 2015
i am a startup encouraged by prime minister shri mody planning to start a small unit to produce sensors in india the sensor industries forecast is 2 billion us$ witch is going to be 3 triion us $ for witch we tryed to contacts but they refused to entertain because of startup under the condition how a start up companies will com up our honorable minister should take a note of it and try to implement such condition under witch auto manufacturers should be bound to give encouragement to sme other wise sme will dai their own death on start
regarding awareness and process required to get benifit of scheme
common man | Wed Aug 19 06:01:23 2015
Main thing is to make people aware about the scheme. Process to get benifit of the scheme maust not complex. Because people who think to start up a business fear that it will be hard to step up the government buildings
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