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The Southern India Mills’ Association

Committed to Foster the Growth of the Textile Industry

MSME support and outreach drive for industries on Dec 27, 28

Prime Minister Narendra Modi had launched a support and outreach programme for the micro, small and medium enterprises (MSMEs) sector on November 2, 2018. As a part of this programme, the Prime Minister unveiled 12 key initiatives addressing five key aspects for facilitating the sector.
These include access to credit, access to market, technology upgradation, ease of doing business, and a sense of security for employees. MSME support and outreach programme is aimed at synergising the Government’s efforts by bringing together various Central ministries, State governments, lenders and private sector to provide implementable multi-dimensional solutions for MSMEs. MSME support and outreach portal intensively monitors the status of implementation of the programme across 100 districts.
In a bid to boost credit availability to MSMEs, a web portal (www.psbloansin59minutes.com) has been launched through which one can avail loans up to Rs 1 crore in just 59 minutes. The portal will enable principal approval of loans up to Rs 1 crore for MSMEs from Small Industries Development Bank of India (SIDBI) and 5 public sector banks (PSBs).
Nagpur has been chosen as a priority district under the scheme to be developed as an ‘Agro and Food Processing Hub’ under the Ministry of Food Processing Industries (MoFPI). The proposed MoFPI action plan on this initiative include, among other objectives of the campaign, creating awareness and promoting investment through various MoFPI schemes.
Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) for strengthening credit delivery system and facilitate flow of credit to the MSE sector. Rural Self Employment Training Institutes (RSETIs), provide skill training and skill up gradation of the rural BPL youth. The TReDS provide the platform to bring MSME sellers, corporate buyers and financiers together. The three Social Security Schemes run by the Employees’ Provident Fund Organisation.
The women employees are also given the benefits at par and there are special benefits for the employees. Government e-Marketplace (GeM) facilitates on-line procurement of common use goods and services required by various Govt departments/organizations/PSUs.
Expert faculties from different parts of the country will make presentation on ‘Opportunities, challenges and remedial measures in food processing sector for MSMEs’ by Sudhanshu Bohra, PwC, Mumbai; ‘Bankers role in supporting MSMEs’ by Pramod Agrawal, AGM-SME, Bank of India, Lead Bank. Presentation on ‘Trade receivables e-Discounting System (TReDS) for MSMEs’ by Satyajeet Jathar, Receivables Exchange of India Ltd; Certification & Licensing – panel discussion by Neha Aggarwal, Deputy Director, CII and Nisha Kanbargi, Scientist C from BIS; presentation on linking MSMEs on GeM platform and e-commerce platform – Nikhil Patil, Infibeam Avenues, Mumbai.
A series of events will be organised by Joint Coordination Committee comprising of Vidarbha Industries Association (VIA), MIDC Industries Association (MIA), Butibori Manufacturers’ Association (BMA) and Dalit Indian Chamber of Commerce & Industry (DICCI, Vidarbha Chapter) from on December 27 2018 from 10 am to 3 pm at VIA Auditorium, Udyog Bhawan, Civil Lines for ‘aspiring entrepreneurs’ in the food sector.
Second session on December 27, 2018 from 3 pm to 7 pm for ‘existing entrepreneurs’ seeking additional knowledge on Government schemes and to interact with relevant departments can reach MIDC Industries Association (MIA Hall), Hingna Industrial Area, Nagpur.
On December 28, Butibori Manufacturers’ Association (BMA), Butibori will be holding full day orientation workshop on MSME support and outreach campaign for Butibori industries from 10 am to 6 pm at BMA, Butibori.
The sessions are free and open to attend for all. For details and registration, interested may contact VIA on 0712-2554090 / 2561211 or MIA on (07104) 236138 or BMA on 07104-265533 or Bank of India which is the Lead Bank on 0712 253 6440.
All members of the associations, industrialists, aspiring entrepreneurs and interested persons are cordially invited to attend the programme in large numbers and take advantage of the Government schemes. This was informed at a press conference jointly organised by Atul Pande, President of VIA; Capt C M Randhir, President of MIA; Nitin Lonkar, President of BMA, Nischay Shelke, President of DICCI- Western India, Gopal Wasnik, President of DICCI; Vidarbha Chapter, Chandrashekhar Shegaonkar, Secretary of MIA; Prasad Joshi, GM of Bank of India and Abhijeet Khandagale, Nodal Officer, Government of India. They have appealed all members of associations, industrialists, aspiring entrepreneurs to attend the workshop.