ENA MSME 2024-09-23 14:48:53 <p><span style="font-size:14px"><strong>Bengaluru, Sep 23 (KNN)</strong> The Central Government has launched a series of measures to address challenges faced by micro- and small-scale industries, according to Union Minister of State for MSME and Labour and Employment Shobha Karandlaje.</span></p> <p><span style="font-size:14px">The minister outlined these initiatives during an interaction with industry representatives on Sunday.</span></p> <p><span style="font-size:14px">Speaking at an event organised by the Karnataka Small-Scale Industries Association (KASSIA), Karandlaje provided an overview of the ministry's efforts to reinvigorate the MSME sector nationwide.</span></p> <p><span style="font-size:14px">Key announcements included a proposed Centre of Excellence for upskilling, to be established by the National Small Industries Corporation (NSIC) in Peenya, potential inclusion of KASSIA in the National Board for MSMEs, and implementation of four wage codes to form a National Wage Board.</span></p> <p><span style="font-size:14px">KASSIA President MG Rajagopal emphasised the necessity of a comprehensive strategy to ensure the survival of MSMEs in the current economic environment.</span></p> <p><span style="font-size:14px">The association submitted a detailed memorandum to the minister, highlighting several concerns.</span></p> <p><span style="font-size:14px">These included the need for access to affordable technology, requests for solar power subsidies, reforms in ESIC and EPFO policies, lower interest rates on MSME loans, and increased credit guarantee coverage to facilitate business growth.</span></p> <p><span style="font-size:14px">The event was attended by industry leaders, office-bearers, and MSME representatives.</span></p> <p><span style="font-size:14px">This development underscores the government's commitment to supporting the MSME sector, which plays a crucial role in India's economic landscape. As these initiatives unfold, their impact on small businesses and the broader economy will be closely monitored by industry stakeholders and policymakers alike.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39369 https://knnindia.co.in/news/newsdetails/msme/kassia-hosts-union-minister-highlights-key-concerns-for-msme-sector-revival 2024-09-23 14:48:53 knnindia.co.in