SME Times News Bureau | 11 Nov, 2019
MSME Minister Nitin Gadkari on Monday said that the
government will buy 10 per cent of the bonds issued by the MSMEs to support
them in tapping the capital market.
"MSMEs account for 49 per cent of the exports from the country. We are planning
new schemes to support the MSMEs that have good potential for exports. If they
raise bond issue in the capital market, 10 per cent will be purchased by the
government," Gadkari said.
He further suggested that having an Indian partner would help navigate the
regulations in the country and benefit from various government schemes and
incentives present in different sectors.
"We are going to start digital data-based credit rating system (MSMEs).
You can get the rating of an industry from anywhere. It will help you in taking
decisions," he said.
He added that India has huge potential both in
rural areas and big cities, and the government will extend all support to those
wanting to start manufacturing here.