Union Micro, Small, and Medium Industries Minister Kalraj Mishra on Wednesday assured Centre’s full cooperation to the Madhya Pradesh Government for developing industries besides announcing the setting up of an additional tool room and 40 special skill development centres in the State.
Addressing the Global Investors’ Summit here in a session focused on Micro, Small and Medium Industries, Mishra said, “Indo-German Tool Room is already functioning in Indore and we want to establish one more such tool room in the State.”He asked the State Government to identify land for setting up the tool room and inform his ministry about it so that it can go ahead with its plan.
The Union Minister said for skill development of rural youth in the State, his Ministry was planning to set up 40 special centres in remote areas.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 will give guarantee to banks on loans taken by micro and small entrepreneurs.He urged the state government to co-operate with youths, who wish to join Credit Guarantee Fund Trust scheme for getting loans from banks for setting up small scale industries.
The Union Minister lauded Madhya Pradesh government’s decision to organise the Global Investors Summit in sync with Prime Minister Narendra Modi’s “Make in India” campaign.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 will 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.