Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-09-21

President to MSME’s rescue

President Pratibha Devi Singh Patil has asked financial institutions and banks to increase the flow of credit to micro, small and medium enterprises (MSMEs).

President to MSME’s rescue

President Pratibha Devi Singh Patil has asked financial institutions and banks to increase the flow of credit to micro, small and medium enterprises (MSMEs).

“Availability of adequate credit is paramount to the success of the micro and small enterprises. It must be kept in mind that it is the vulnerable unorganized enterprises which are still perceived as risky by financial institutions, and suffer the greatest constraint in access to credit because of the very nature of operations especially of the traditional cottage industries. I urge banks to give special attention to this aspect,” Patil said at a MSME award function.

Highlighting the importance of MSME sector in the nation’s economic activity, she further said, “In India, these enterprises account for almost 45 percent of manufacturing output, 95 percent of the number of industrial units and 40 percent of exports. Clearly, they are engines of growth. Besides, the sector provides employment to almost 60 million people, making it the largest source of employment after the agriculture sector.”

The President called upon the MSME’s especially of the traditional sector to employ cost effective technologies, in sectors like coir industry, which employ about 5.5 lakh persons, many of whom are women in the coconut growing states of the country. She further added, “It is undeniable that technology and innovations are game changers, being the key determinants of increasing productivity through improvement in skills, better capital equipment and better systems”.

Related opportunities
  • Others Food Service
    About Us: Original Biryani Expereince Since 2010.   Known for its delicious and..
    Locations looking for expansion Karnataka
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Womens Wear
    About Us: LoveGen, launched in India’s celebrity city Mumbai, is a..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Goregaon east Maharashtra
  • Ice Creams & Yogurt Parlors
    About Us: Raw Creams based out of Hudson Lane, North Delhi..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Fine Dine Restaurants
    About Us: Karim’s, a division of Karim’s Hotels Private Limited, is..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
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

pincode
ads ads ads ads