Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2009-11-16

PM task force to consider MSME report on Nov 19

The Prime Minister’s task force will consider the recommendations, made by the sub-committee for the welfare of micro, small and medium enterprises (MSMEs), on November 19.

The Prime Minister’s (PM’s) task force will consider the recommendations, made by the sub-committee for the welfare of micro, small and medium enterprises (MSMEs), on November 19. The sub-committee was founded on September 25 by a panel headed by TKA Nair, PM’s principal secretary.

 

“The reports have been submitted to the task force. The panel will meet on November 19 to consider them,” MSME secretary Dinesh Rai said. The recommendations that have been made are that there should be an interest subsidy scheme, and reservation of industrial plots for the SME firms. The former recommendation holds significance as MSMEs often bleat about getting loans at 1-2 per cent higher interest rates than the prime lending rates of banks. It is studied that lack of finance is the major reason behind sickness of MSMEs in the country. According to the latest census, there are 2.61 crore MSMEs in the country, of which 14.5 per cent are sick.

 

Related opportunities
  • Commercial vehicles Bus/Trucks
    About: Started in 2005, ColdEx is india`s  largest & fastest growing..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Furniture/Home Decor & Furnishing
    Veneta Cucine- No.1 modular kitchen brand in India inviting FranchiseesCC..
    Locations looking for expansion Karnataka
    Establishment year 1999
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Urban District Karnataka
  • About Italy in a Box :- The idea of Italy in..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Casual dine Restaurants
    About: Savera, one of the first star hotels in Chennai is..
    Locations looking for expansion Tamil nadu
    Establishment year 1980
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    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