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27/04/2017 10:27am

Telangana Industrial health Clinic to be launched soon to rescue ‘sick’ MSMEs

image Telangana Industrial health Clinic to be launched soon to rescue ‘sick’ MSMEs

New Delhi, Apr 27 (KNN) After several delays, the proposed Telangana Industrial Health Clinic (TIHC) is in its final phase of the launch. The TIHC aims to assist in rehabilitation of sick MSMEs in terms of financial needs, technological upgradation as well as logistic requirements.

Talking to KNN, Yerram Raju, Economist and Advisor for the TIHC said that the TICH is being set to help the MSMEs in the region under two possibilities, one being those units who might fall sick and the other set being comprising of units that are already sick

Explaining the concept of TIHC, Raju added that the Clinic will function under four major windows. First window would offer preliminary diagnosis; this service is going to be free for all the associated MSMEs as they too are investing in the formation of the clinic. In this TIHC will diagnose the situation of the unit, also wilful defaulters will be filtered and kept aside. Through this window the TIHC will extend financial support to the manufacturing start-ups who otherwise find it very difficult to avail loans.

The second window is to facilitate the SMEs in going to the equity market. For this purpose the TIHC is collaborating with the NSE and BSE.

The third window is to provide rehabilitation and revival support to the MSMEs who are not functioning well. Under this window in collaboration with many of the government’s program on rehabilitation TIHC will facilitate waivers, subsidies and amnesty periods to help the units come back on their feet. This will be followed by proper monitoring of these units along the line.

The fourth window provides room for TIHC to collaborate with other national and international organizations for knowledge sharing, collaborative researches to help build sustainability in the long run.

Yerram exhorted that the Industry Health Clinic will serve only the manufacturing sector enterprises and not the service sector.

The Clinic is expected to be formally launched by 15th May. After the official launch the body will reach out to the RBI for registering at the NSE.

Of the total 33,000 MSME units in Telangana, 7,842 units are currently ailing due to various reasons.

(KNN/ DA)

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