Tirupati MP encourages youth to set up MSME units under PMEGP

Tirupati, Oct 15 (KNN) Dr M Gurumoorthy, MP from Tirupati asked youth to take benefits of schemes by central government such as Prime Minister's Employment Generation Programme (PMEGP) to establish MSME units.

He said that youth should approach banks with fullfledged project reports to establish MSME units.

The MP was addressing an awareness programme on PMEGP held at the Collectorate.

Its aim was to educate the youth on the advantages of Tirupati in setting up MSME units. 

He said the state government has been implementing various welfare schemes and giving priority to the industrial sector.

Banks should come forward to provide loans for them to set up industries to drive away unemployment, he said. 

The MP said interested youth should make use of subsidies provided by Central and state governments. 

AP Khadi board member D Babu, district Industrial officer Prathap Reddy, Khadi and rural industries Assistant Director Varaprasad, Lead bank manager Subhash, other bankers, SETVEN CEO Dr Muralikrishna and other officials attended the meeting.  (KNN Bureau)