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Centre planning to provide Rs 800 cr funds for MSMEs in Kerala: MSME Development Centre Director

Updated: Jul 30, 2018 06:04:45am

Centre planning to provide Rs 800 cr funds for MSMEs in Kerala: MSME Development Centre Director

Thrissur, July 30 (KNN) The Central government is planning to provide the MSME sector in Kerala funds worth Rs 800 crore, said P.V. Velayudhan, Director, MSME Development Centre, Thrissur, adding that the MSMEs in Kerala should come forward to utilise the funds.

He was addressing at an awareness workshop on ‘Finding Funds- Financing the Aspirations of MSMEs’ organised recently by the Federation of Indian Chambers of Commerce and Industry (FICCI) in collaboration with State Industries Department here.

A new project for starting Entrepreneur Development Centres at taluk levels are being set up, said the official, according to a media report.

The first centre will be started at MSME Development Institute, Thrissur, followed by a second centre at Thiruvananthapuram before extending to other districts.

He said the project will provide financial and marketing support to entrepreneurs.

K. Elangovan, Principal Secretary, Department of Industries and Commerce, has said that the State’s new industrial policy and measures to ensure ease of doing business will help MSMEs to move forward and channelise their resources towards more rapid industrialisation of the State.

The State government has come out with a scheme to give the necessary clearance to entrepreneurs to start their business within 30 days of submitting applications online.

Elangovan further said that MSMEs now enjoy the advantage of shifting to the technology at a faster phase owing to latest technological advances.

He urged MSMEs to utilise the facilities to enhance their industrial, business capabilities while pledging all support from the Industries Department for scaling up their operations in Kerala.


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