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Business EconomyPosted at: Jan 23 2016 2:33PM


Trust between public and private stakeholders, key in tracking MSME: Secy

New Delhi, Jan 23 (UNI) Trust between public and private stakeholders, is a key element for fast tracking the MSME movement in India, said Dr Anup K Pujari, Secretary, Ministry of Micro, Small and Medium Enterprises.
Speaking at the the Second Award for Responsible Indian Business Membership Organisations (BMOs) organised by Foundation for MSME Clusters (FMC), Dr Pujari informed about revamping the PMEGP scheme, which is a flagship programme of the Ministry.

He mentioned that the cumbersome procedure to avail the scheme has been drastically simplified to incorporate an online application process of a one-page application form and a two page project description.
The 3-layer subsidy disbursement process which included multiple banks has also been replaced with RTGS system.
Prof Y K Alagh, ex-Vice Chancellor JNU and Founder Chairman, FMC suggested that the government should constructively support MSMEs to overcome the international market volatility by providing economic advisory support and technological inputs to help them reduce their environmental footprint.
In the award category, seven BMOs were finally selected for best “Responsible Indian BMOs” awards that was given away by Ms. Ayumi Fujino, Representative and Regional Director, South Asia of UNIDO.
UNI ABI ASH SW 1433
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