New Delhi, Aug 4 (KNN) Arun Kumar Panda, Secretary, Ministry of Micro, Small and Medium Enterprises (MSME), has urged the Ludhiana industrialists to form clusters as the Union Ministry of MSME is supporting the clusters in a big way.

He said that more priority would be given to those clusters which has higher number as well as benefits a large number of people.

He made the above remarks during a meeting with the representatives of different industrial organizations of Ludhiana.

While addressing the industrialists, he said that the Union Ministry of MSME is committed for the welfare of all MSME’s across the country.

With regard to credit facility to MSMEs, he said that they have held a meeting with the officials of Reserve Bank of India as well as all banks to ensure that the MSME’s get loans easily.

For this, he said that another such meeting is scheduled for August 20, 2018 in New Delhi.

The corpus fund for providing loan to MSME’s has also been increased from Rs 2500 crore to Rs 8000 crore in the last one and half years so that the MSME’s get easy loan from banks, Panda added.

Panda also inaugurated an Enterprise Development Centre (EDC) in the campus of MSME Development Institute in Ludhiana which would provide support and assistance to the existing and prospective MSMEs of Ludhiana.