Worried over closure of over 30,000 MSMEs, Maharashtra invites Md Yunus for guidance
Updated: Aug 26, 2015 03:15:40pm
Mumbai, Aug 26 (KNN) Nobel Peace Prize winner Muhammad Yunus of Bangladesh will soon give lessons to Maharashtra government on microfinance and how to revive dying Micro, Small and Medium Enterprises (MSMEs) in the State.
On a special invitation extended by the State government, Yunus , the founder of Grameen Bank, will hold a discussion with top ministers and bureaucrats on September 6.
Yunus will also hold a discussion with the state government on their road-map for future development of the MSME sector in the State.
In the backdrop of closure of over 30,000 small-scale industries in the state, the State government wants to now try and draw a more efficient mechanism of funding these industries.
Maharashtra has a total of 2.54 lakh such small-scale industries with around 30,549 units closed for various reasons, ranging from lack of finance to unavailability of skilled labour.
“We have been annually allotting money for this sector in every budget. Despite that, the small scale industry is facing a number of problems. It’s an effort to learn from him and know how he succeeded,” said State Finance Minister Sudhir Munguntiwar.
While Mudra Bank will be ensuring capital flow for this industry, the State is also exploring ways to ensure finance to small scale industries through Self Help Groups (SHG). “Mr Yunus will be the ultimate authority to guide us on this front,” said Munguntiwar, according to a media report. (KNN Bureau)
On a special invitation extended by the State government, Yunus , the founder of Grameen Bank, will hold a discussion with top ministers and bureaucrats on September 6.
Yunus will also hold a discussion with the state government on their road-map for future development of the MSME sector in the State.
In the backdrop of closure of over 30,000 small-scale industries in the state, the State government wants to now try and draw a more efficient mechanism of funding these industries.
Maharashtra has a total of 2.54 lakh such small-scale industries with around 30,549 units closed for various reasons, ranging from lack of finance to unavailability of skilled labour.
“We have been annually allotting money for this sector in every budget. Despite that, the small scale industry is facing a number of problems. It’s an effort to learn from him and know how he succeeded,” said State Finance Minister Sudhir Munguntiwar.
While Mudra Bank will be ensuring capital flow for this industry, the State is also exploring ways to ensure finance to small scale industries through Self Help Groups (SHG). “Mr Yunus will be the ultimate authority to guide us on this front,” said Munguntiwar, according to a media report. (KNN Bureau)
Loading...
