Micro and Small Industry will materialize the dream of Make in India - Kalraj Mishra

MSME Minister Kalraj Mishra 

asks Banks to extend easy finance to Micro-industries set up under PMEGP

Micro and Small Industry will materialize 

the dream of Make in India - Kalraj Mishra 

by Shrutee K/DNS

Mumbai, 17th June, 2015: Speaking at Central office KVIC Shri Kalraj Mishra, Hon’ble Union Minister, Ministry of Micro, Small & Medium Enterprises, and Govt. of India said here today said that Micro and Small Industry will materialize the dream of make in India in true sense. He was here to review the Schemes and Programmes of KVIC for better implementation in Maharashtra. Earlier, the Minister had interaction with Bankers, officials of Maharashtra KVIB and State Industries Department, Govt. of Maharashtra including PMEGP Beneficiaries. 

Talking on performance of the PMEGP scheme he reiterated that till date 320857 units have been set up in the country, having involvement of margin money (subsidy) of Rs.6362.90 Crores and generated employment opportunities of 27.75 lakh persons. He also spoke on collaboration with RUDSETI and RSETI so as to get the viable and bankable projects and also proper implementation of Entrepreneurship development programme where the banks sanction the project. He insisted on developing entrepreneurship in villages utilizing the locally available raw material and resources. As regard to performance of State of Maharashtra is concerned, 3469 number of projects has been set up in the year 2014-15 against the target of 5027 and utilization of the Margin Money is of Rs.78.44 crore against the target of Rs.63.00 crore, he added.

He also briefed on discussion on collateral security in case of projects up to Rs.10.00 Lakh and extending benefits of the PMEGP scheme to women, SC/ST and weaker section and unemployed youths in the Country so that scheme reaches the grass root level which will fulfill the dream of “MAKE in INDIA” of our Hon’ble Prime Minister.

Shri Arun Kumar Jha, Chief Executive Officer/ Commissioner, Shri Mohit Jain, CVO, and Shri Kishore Rao, Dy. CEO and other senior officials of KVIC were also present during the programme.