JK not benefiting much from GoI schemes: minister

JK not benefiting much from GoI schemes: minister

SRINAGAR: State entrepreneurs have shown little interest in Indian government’s latest initiative of ease of doing business, government of India minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra said on Sunday.
In September last year, the Indian government had started online registration for starting new industrial units across India, replacing the old method of door-to-door registration.
Compared to 6.60 lakh entrepreneurs across India who have registered online, only 84 units have been registered in JK through this mode in the past seven months, Mishra said.
He said that only one industry—he did not specify which—has availed of the benefits of MSME ministry’s Credit Link Capital Scheme. The scheme, as per the website of MSME, offers collateral-free credit from financial institutions.
“J&K is not deriving full benefits of various schemes. I ask the state government to come up with more proposals so that more assistance could be given,” Mishra said.
The minister claimed that in Prime Minister’s Employment Generation Programme (PMEGP), the India government’s spending of Rs 38 crore, has employed 23,140 people in the state in the last financial year (2015-16).
“Land has already been identified for such a technological center. Four clusters have already been started while three will complete soon. The PM’s employment generation program will ensure that youth here are empowered,” Mishra said.
Asked why 21 schemes of the ministry have not been extended to the state, Mishra said his future endeavors would make their execution possible.
“Several technological centers will be set up here for conducting research and development that would benefit start-up and entrepreneurs. The state will soon witness completion of seven clusters. This will make the implementation possible,” he added.
On the occasion, State Industries and Commerce Minister Chander Prakash Ganga said the current functioning of industry in the state has to change.
“The ongoing system which has been inherited from the last 60 years is in shambles. The problems we face are because of this system. Our government has come for the change and its results will be displayed soon,” Ganga said.

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