Rs one crore Technology Centre to come under MSME initiative

SRINAGAR: A Technology Centre project costing rupees one crore, would be established at Ghatti in Kathua with its extension counter coming up at Sanatnagar in Srinagar, besides incubation centers at all the district as a new initiatives of MSME in the State.
This was disclosed by the Union Secretary, Ministry for MSME, Madhav Lal at an officers’ meeting, convened to review the implementation of schemes and programmes of the Ministry, here on Wednesday.
Financial Commissioner, Industries and Commerce, Khurshid Ahmad Ganai, heads of various Departments and District Industries Centres, representatives from J&K bank were present on the occasion.
Emphasizing for effective implementation of Credit Guarantee Scheme in the State, Union Secretary said that this will facilitate entrepreneurs to take loan without collateral security. He said EM1 and EM2 softrware packages will shortly be introduced in the State while it has already been implemented in nine states of the country. He said this will improve in efficiency of registration of new units working in unorganized sector.
Madhav Lal asked the authorities of Industries Department to coordinate with SIDBI for availing finance for Micro entrepreneurs of the State, adding that venture capital fund is being created to benefit business units dealing with Information Technology and Food Processing. He asked authorities of industries department to come up with a proposal for up-gradation and development of industrial estates under MSE-CDP scheme.
Earlier, Financial Commissioner gave a detailed resume of activities and the achievements. He said presently 53 industrial estates are operating in the State, while 29454 SSI Units are registered with the department. He said 52 sick units have been shortlisted for revival out of 273 units.
Khurshid said that 80 kanal of land have been identified at Ghatti Industrial Estate for establishment of Technology Centre, while Rs 560 lakh stands expended on up-gradation and infrastructure development at Industrial Centres of Bari Brahmana, Gangyal, Rangreth and Khunmoh.
Regarding Prime Ministers’ Employment Generation Programme (PMEGP), Financial Commissioner said that 1608 units have been sanctioned against the target of 2328 during last financial year while the department disburses Rs 2701 lakh as margin money in favour of these unit holders.
Projecting enhancement 1000 units in the original targets fixed for current fiscal under PMEGP of KVIB, he demanded inclusion of transport as activity for sanctioning of cases under the scheme. He said tourism has good potential for transport sector to generate employment in the State. While raising the issue of financial assistance for procurement of E-Charkhas by weavers, he sought approval of a proposal submitted by KVIB for development of clusters at Nagsehani, Gandoh and Paddar.
Financial Commissioner demanded inclusion of more items in the list of MSME for preferential purchase by Government departments to accommodate products of food processing units of the State. Pleading for handicrafts related export study tours for the Artisans, Entrepreneur, he said MSME unit holder of the State may be allowed to participate in State level exhibitions held in other states of the country on NE States pattern including financial assistance.
Credit Guaranteed Scheme, National Manufacturing Competitiveness Programme, Entrepreneurship and skill development besides credit linked capital subsidy schemes also came up for discussion.