MSME Minister assures to provide all the credits required to make country's MSMEs grow

New Delhi, April 8 (KNN) The Union Minister of Micro, Small and Medium Enterprises (MSMEs) Narayan Rane has assured that he will provide all the credits required to make the MSME sector grow.

He said this while addressing 8th MSMEs Excellence Awards Ceremony and Summit organized by ASSOCHAM in the national capital.

Rane acknowledged that the MSME sector plays a significant role in nation-building, regional balance, economic contribution, and job creation.

Talking about the importance of the sector in nation-building and economy, he said, “The MSME sector will help in making a truly Atma Nirbhar Bharat. I promise to provide all the credits required to make the MSMEs grow. 

The Minister added we have set up various training centers to help the sector. The government is committed to supporting the MSMEs through friendly policies, bringing in the latest technologies, setting up training centers and providing credits.

Organized under the theme ‘Enabling Indian MSMEs to Go Global’, the summit was organized by Bhanu Pratap Singh Verma, Minister of State (MoS) of MSMEs.

Praising ASSOCHAM for organizing the summit, the MoS stated that the MSME policies and commitments are designed and executed for the benefit of entrepreneurs and business persons.

The ministry is initiating and doing its best to resolve finance-related difficulties with banks in relation to MSME and are working to overcome all of the challenges faced in this sector, he said.

Praising the small enterprises and startups for performing admirably during the pandemic, he also talked about the Rs 3 lakh crore that have been set aside for further assistance under the ECLGS (Emergency Credit Line Guarantee Scheme) scheme. He added, “The goal is to increase employment possibilities for 15 crore people.’’

Highlighting the issue of rising costs of imports, he suggested that import margins can be reduced by increasing domestic production under the ‘Make-in-India’ program. 

Meanwhile, Prama India, the company into indegenous manufacturing of security products and solutions, has bagged “Tech-SME of the Year” award.

The company was founded on the core belief to put India on the global map for video security products, Prama India is committed to the motto of ‘Atmanirbhar Bharat’. It is committed to developing security technology innovations and advanced applications for India-specific requirements. (KNN Bureau)