New Delhi, Oct 9 (KNN) Various announcements made by Narendra Modi at the Uttarakhand Investors Summit in Dehradun will be very positive for MSMEs in Uttarakhand, said Pankaj Gupta,  President,  Industries Association of Uttarakhand.

He mentioned that it will help in building of MSMEs in Uttrakhand.

Prime Minister had inaugurated the Summit on  Sunday. While speaking at the occasion Modi said now in Uttarakhand any MSME loan upto 1 crore will be sanctioned fast.  

Pitching for investment in the MSME sectors in Uttarakhand, Modi said,”The new policies framed by the state government like support subsidy for investors in the MSME sector will be an advantage.”

Commenting on the grants by the government Gupta said that granting of loans was a major concern for the MSMEs, after this announcement by Modi, it will surely help the MSMEs, as the loans will be provided to them in time, which is very necessary.

He said that, we welcome these steps. This will simplify things for the MSMEs and will help in promoting MSMEs in Uttrakhand.

There are various issues for MSMEs in Uttrakhand like problem of connectivity and online trading. After the summit most of the concerns will hopefully be solved, he mentioned.