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Financial package for MSMEs on cards: Union MSME Minister

Updated: Aug 11, 2021 06:35:10am

Financial package for MSMEs on cards: Union MSME Minister

Aurangabad, Aug 11 (KNN) Union Minister of Micro, Small and Medium Enterprises (MSMEs) has said that his ministry is taking necessary measures for the development of the MSME sector.

During a meeting with delegation from the Marathwada Association of Small Scale Industries and Agriculture (MASSIA) in New Delhi on Tuesday,'' he also said,'' Soon a special financial package will also be announced for the small industries and traders.''

The union minister of state for finance Dr Bhagwat Karad and former Mayor Bhagwan Ghadamode accompanied the delegation. The members gave a presentation and held discussion on the problems of the MSMEs.

MASSIA president Narayan Pawar gave a detailed presentation on key points required for the development of the SMEs and initiatives needed to be undertaken by the Central government.

''The SME sector is suffering the adverse effects of the pandemic and needs support from the government through money, manpower, marketing and machines. Lowering interest rates on small business loans, maximising the limit of seed money, margin money, co-operating in skill development initiatives, helping small businesses to adopt advanced technology and machinery, reviving of CLCSS scheme and re-implement it effectively,'' Pawar said.

Rane also instructed the officials of the Finance Ministry to take further action on the issues and assured full support by the Central government for the development of the MSME sector.


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