Financial assistance to MSMEs to go up to 80 pc
The Government has proposed to raise financial assistance to the existing clusters of micro, small and medium enterprises (MSMEs) up to 80 per cent of their requirement, a senior official said on Wednesday.
By PTI |
NEW DELHI: The Government has proposed to raise financial assistance to the existing clusters of micro, small and medium enterprises (MSMEs) up to 80 per cent of their requirement, a senior official said on Wednesday.
"Eighty per cent of the financial requirements of the existing clusters will be given by the government under the micro small enterprises-cluster development programmes proposed under the 11th plan," Ministry of Small Scale Industries and Rural and Agro Industries Secretary Chandrapal said at a CII organised conclave.
He said the assistance will be provided towards aspects such as technology upgradation and for meeting the financial gaps and also sought the chamber's help to identify the clusters that would be eligible for proposed financial assistance and bring out schemes for skill development.
The government is proposing to build a pool of consultants under its National Manufacturing Competitiveness Programme to enable the MSMEs become more competitive. The consultants would be deployed with a cluster of 8-10 companies for a period of one and a half years and the cost will be borne by the government," Ministry of SSI and Rural and Agro Industries Additional Secretary Jawahar Sircar said.
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