New Delhi, July 12 (KNN) The Rajasthan PHD Chamber of Commerce & Industry has tied up with SME Rating Agency of India (SMERA) to financially facilitate Micro, Small and Medium Entrepreneurs (MSMEs).

This was said by PHDCCI President Anil Khaitan at the inauguration ceremony of the PHDCCI’s Rajasthan State Chapter in Jaipur.

Speaking at the occasion, Khaitan said that the MSME sector is the second largest employment creator in the country after agriculture.

He said the new broad definition of MSME on turnover basis will bring more firms within the MSME fold and help them increase their access to funds from the banking sector.

To stimulate growth, the PHDCCI has developed a web portal bringing in all government schemes under one umbrella.

In this regard, industry body has suggested the government to formulate a 'Trade with India' policy apart from the existing 'Make in India' policy.

Former Secretary, Ministry of Tourism, Government of India, and Special advisor to PHDCCI, Rajasthan, Vinod Zutshi, said “Policy and industry needs should match. The industrial chambers have to play a crucial role.”

He said that Rajasthan should tap solar power, apart from tourism, to generate more revenue and jobs in the state.

Reiterating the government’s commitment to boost industrial growth with great incentives in Rajasthan investment Promotion Scheme (RIPS), he pointed that the labor situation and the digital ecosystem were conducive to the health of industry in the state.