ENA State 2023-09-19 13:01:22 <p><span style="font-size:14px"><strong>Kasaragod, Sept 19 (KNN)</strong> Nearly 15 per cent of the over one lakh micro, small, and medium enterprises (MSME) started as part of Kerala's Year of Enterprises last year have shut their business, said Minister for Industries P Rajeeve on Monday.</span></p> <p><span style="font-size:14px">But that is half the death rate of enterprises in the country, he said.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">He said around 30 per cent to 40 per cent of new businesses die in India, attributing the numbers to the Union government's MSME Development and Facilitation Office in Thrissur.</span></p> <p><span style="font-size:14px">Crediting the state government, he said, We were able to halve the closure rate of enterprises in Kerala.</span></p> <p><span style="font-size:14px">He said this while inaugurating Rising Kasaragod, an investors meet organised by the District Panchayat.</span></p> <p><span style="font-size:14px">The minister was responding to a report aired by Manorama News on Monday that 18,315 of the new ventures started in the Year of Enterprises have closed.</span></p> <p><span style="font-size:14px">The report said Malappuram saw the highest number of closures with 2,031 businesses winding up.</span></p> <p><span style="font-size:14px">It said 1,880 MSMEs closed in Palakkad, 1,845 in Kannur, and 1,829 in Ernakulam. <em><strong>(KNN Bureau)</strong></em></span></p> 34839 https://knnindia.co.in/news/newsdetails/state/about-15-kerala-msmes-closed-down-within-a-year 2023-09-19 13:01:22 knnindia.co.in