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Bhopal City
Madhya Pradesh to have separate ministry for MSME
09-10-2014

BHOPAL: Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Wednesday announced constitution of a separate ministry for MSME and a Laghu Udyog Samvardhan Board in the state.  He was addressing the convention on micro, small and medium enterprises (MSME), under the Global Investors’ Summit 2014 at Indore.

Union Minister for Micro and Small Industries Kalraj Mishra announced to open 30 to 40 incubation centres to train entrepreneurs in the state and a tool room costing Rs 150 crore. In the country, 500 incubation centres will be opened, he added.

Presiding over the summit, Lok Sabha Speaker Sumitra Mahajan said that Madhya Pradesh is experiencing a unique phase of development in every sector. Mahajan laid emphasis on quality of products of micro and small industries saying that it would enhance prestige of the state as well as country.

Mahajan said that Madhya Pradesh has witnessed a unique phase of development during last one decade. Progress has been made in every sector. She said that investors would not have to face any hurdle. She said that micro industries provide employment to maximum people in minimum cost. Therefore, the state has a special attachment with them. She stressed the need for establishment of an exhibition centre at Indore for displaying products of small industries.

Union Minister Kalraj Mishra informed that Credit Guarantee Fund has been instituted to remove bank loan problems of micro and small industries. Under it, state’s contribution will be returned to them 10 times more.

Urging Madhya Pradesh to contribute to this fund, he said that the Union Ministry for Micro and Small Industries would give guarantee to banks on loans taken by micro and small entrepreneurs.

Mishra said that their category would not be changed even if turnover of micro and small industries exceeds the prescribed limit. They will remain in the category of micro and small industries. He said that a new policy is being framed for micro, small and medium enterprises under which special attention will be paid to entrepreneurship development and skill development.

Besides, a tool room costing Rs 150 crore will also be opened in Madhya Pradesh in which technically educated entrepreneurs will be imparted training. As many as 15 such tool rooms are being opened in the country. He informed that now registration of micro and small industries will be online. For this, self-certification will be made the basis.

Mishra said that Madhya Pradesh has made a positive initiative by launching Make in Madhya Pradesh for fulfilling mission of Make in India of Prime Minister Narendra Modi.