Kerala government has decided to reform the Kerala State Entrepreneur Development Mission (KSEDM) and re-launch it on a larger scale.
Kerala government has decided to reform the Kerala State Entrepreneur Development Mission (KSEDM) and re-launch it on a larger scale.
In a conference organised by the Confederation of Indian Industry (CII) on Thursdayon ‘MSME Funding’, Oommen Chandy, Chief Minister, Kerala said, “The mission had succeeded in identifying 674 entrepreneurs for financial assistance provided by the Kerala Financial Corporation and out of them 200 have started functioning.
Chandy also admitted that the MSME sector has been facing problem of lack of finance, technology, manpower, and marketing, and labour issues.
“KSEDM was being redesigned to address these issues. The food processing, marine foods, spices, vegetables, and fruits were promising areas for the MSME sector in Kerala and the government has decided to observe September 12 as State Entrepreneurship Day to mark the Emerging Kerala Summit held in Kochi last year.” added Chandy.
“Kerala has been recognised as a model State in cluster development. The Kerala Industrial Infrastructure Development Corporation (Kinfra) and the Kerala Academy for Skills Excellence (KASE) had played a proactive role in promoting the MSME sector,” he added.
Hari Krishnan Nair, Chairman, CII, Thiruvananthapuram, and Nandakumar K, vice chairman, P. Joy Oommen, Chairman and Managing Director, KFC, and R.K. Dubey, CMD, Canara Bank also joined him in the conference.
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