MSME industries will get 40 per cent grant at 5 equal annual installments on investment towards plant and machinery. The MSME units will get Rs 5 lakh up to 5 years for minimum 10 regular employees, to deposit it in the CPF at the rate of Rs one thousand per employee maximum in the form of employers’ share.
Chief Minister Shivraj Singh Chouhan made these announcements in the inaugural session of two day long Micro, Small and Medium Enterprises and Entrepreneurship Convention here on Friday.
Union Minister of State for Micro, Small and Medium Enterprises Giriraj Singh was the Chief Guest of the convention. While addressing the young entrepreneurs, Singh said that the other states of the country are learning from the innovations of Madhya Pradesh. The state has set a unique record in the field of agriculture. Maintaining 20 per cent growth rate constantly in the agriculture sector for the last 5 years is a big achievement.
Madhya Pradesh Marching Forward for Economic Revolution after Agriculture Revolution The Union Minister stated that country is proud of Madhya Pradesh.
The state is marching forward for economic revolution after the agriculture revolution. The Union Government will lend all support to accelerate the pace of Madhya Pradesh’s development.
He mentioned that the Prime Minister Narendra Modi has worked to make the youths skilled first time in the history.
Singh said that more employment is generated by Micro, Small and Medium Industries with less capital. The efforts of the union government have provided employment to 10 crore persons every year.
He informed that ‘MSME Samadhan’ arrangement has been made for Micro, Small and Medium Enterprises, to remove the payment related and other obstacles.
They will save time and labour now and this will give solutions to the problems easily. He further mentioned that people have started understanding GST now. Its positive effects will be reflected soon.
Chief Minister Chouhan said that a network of Micro, Small and Medium industries will be laid in the state together with the state’s young entrepreneurs.
He said that the Micro, Small and Medium Enterprises department has carried out a marvelous task in a very short span. He congratulated the Minister of the department and administrative team for this task.