Kassia urges Finance minister to set up task force for resolving MSME problems
Hotline: 1800 102 2007
X
Search Business Opportunities
2013-10-08

Kassia urges Finance minister to set up task force for resolving MSME problems

Karnataka Small Scale Industries Association (Kassia) has submitted a memorandum to the Finance Minister P Chidambaram for setting up a high powered task force to address multifarious problems of the sector.

Karnataka Small Scale Industries Association (Kassia) has submitted a memorandum to the Finance Minister P Chidambaram for setting up a high powered task force to address multifarious problems of the sector.

 

B P Shashidhar, president, Kassia, said, “There is a need to restore the stamina and build momentum of theMSME sector to play its contributory role in the nation building with double the vigour”.

 

Kassia members have submitted a memorandum to Chidambaram. "At no time the industry has found itself at such a distress as at present and therefore needs urgent attention to preserve its contribution to the economic equilibrium of the state," Shashidhar said in his memorandum.

 

"The sector is losing inherent strength acquired through the six decades of meticulous planning and policies, and entrepreneurial support. Before the situation worsens, remedial actions need to be taken to avoid the worst, without any further loss of time," Shashidhar said.

 

He said absence of immediate corrective action at this stage will result in greater damage to the nation's economy. He has also urged the Finance Minister to intervene immediately and take remedial measures to save the MSME sector.

 

The association also suggested for release of 20 per cent extra loan for all borrowers without further formalities and restructuring of NPA loan cases for a further period of six months."These steps will provide immediate relief to majority of the affected MSME units," Kassia president added

 

Related opportunities
  • Others Food Service
    About Us: With renowned success of Above & Beyond and Patch..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  •   Run your own preschool & provide quality education by joining..
    Locations looking for expansion Goa
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North Goa Goa
  • Ice creams & Yogurt Parlors
    About Us: Bombay Kulfis set up their base in July 2016..
    Locations looking for expansion Andhra pradesh
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • Quick Service Restaurants
    About Us: Iyer's Delight: With a vision to spread the love..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts