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Forty Percent Grant to M.S.M.E. Industries on Investment: CM

17 Nov 2017
Forty Percent Grant to M.S.M.E. Industries on Investment: CM

M.S.M.E. industries will get 40 percent grant at 5 equal annual installments on investment towards plant and machinery. The M.S.M.E. units will get Rs. 5 lakh up to 5 years for minimum 10 regular employees, to deposit it in the CPF at the rate of Rs one thousand per employee maximum in the form of employers’ share. Chief Minister Shri Shivraj Singh Chouhan made these announcements in the inaugural session of two day long Micro, Small and Medium Enterprises and Entrepreneurship Convention here today.

Innovations of Madhya Pradesh are being Adopted by other States

Union Minister of State for Micro, Small and Medium Enterprises Shri Giriraj Singh was the Chief Guest of the convention. While addressing the young entrepreneurs, Shri Singh said that the other states of the country are learning from the innovations of Madhya Pradesh. The state has set a unique record in the field of agriculture. Maintaining 20 percent growth rate constantly in the agriculture sector for the last 5 years is a big achievement. He also lauded the initiative of Mukhya Mantri Yuva Udyami Yojana being taken for the children of the farmers and to encourage price stabilization of crops. Shri Singh mentioned that Mukhya Mantri Bhavantar Yojana is being praised all over the country.

Madhya Pradesh Marching Forward for Economic Revolution after Agriculture Revolution

The Union Minister of State Shri Singh stated that Country is proud of Madhya Pradesh. The state is marching forward for economic revolution after the agriculture revolution. The Union Government will lend all support to accelerate the pace of Madhya Pradesh’s development. He mentioned that the Prime Minister Shri Narendra Modi has worked to make the youths skilled first time in the history. Shri Singh said that more employment is generated by Micro, Small and Medium Industries with less capital. The efforts of the union government have provided employment to 10 crore persons every year. He informed that ‘MSME Samadhan’ arrangement has been made for Micro, Small and Medium Enterprises, to remove the payment related and other obstacles. They will save time and labour now and this will give solutions to the problems easily. He further mentioned that people have started understanding GST now. Its positive effects will be reflected soon.

CM Congratulates Departmental Minister

Chief Minister Chouhan said that a network of Micro, Small and Medium industries will be laid in the state together with the state’s young entrepreneurs. This will help generating more employment opportunities. He further stated that the state while establishing the remarkable record in the agriculture sector has achieved the maximum annual agriculture growth rate of 20 percent. Needs of day by day increasing population could not be satisfied only through agriculture. Development of cottage and village industries is required at wide scale to generate more employment. CM Chouhan said that the Micro, Small and Medium Enterprises department has carried out a marvelous task in a very short span. He congratulated the Minister of the department and administrative team for this task.

Convention to be Held Every Year

Chief Minister Chouhan said that conventions of Micro, Small and Medium Industries will be organized every year to facilitate communication between the government and industries. Mentioning about the Mukhya Mantri Yuva Swa-Rozgar Yojana, Yuva Udyami Yojana and Mukhya Mantri Krishi Udyami Yojana, CM Chouhan mentioned that 5 percent interest subsidy will be given to the young entrepreneurs on loan amount up to 5 years. The interest subsidy will be 6 percent for the girls. Moreover, he said that 7 lakh 50 thousand youths will be made entrepreneurs by providing them loans. He urged the young entrepreneurs to progress ahead by realising their innovative ideas. The state government will support them by venture capital fund. CM Chouhan further mentioned that the government considers the micro, small and medium industries and entrepreneurs as the partners in the development of the state. They will be provided full cooperation at every step.

New Policy Implemented after the GST

Minister of State for Micro, Small and Medium Enterprises Shri Sanjay Satyendra Pathak said that the new policy has been implemented in new contexts to promote Micro, Small and Medium Industries after the implementation of GST. Five lakh youths of the state have been linked to the self-employment. He further said that Madhya Pradesh is the only state of the country, where innovative and revolutionary schemes have been made to encourage entrepreneurship among the youths. Shri Pathak mentioned that the state has more than 300 clusters. He urged for center's cooperation for infrastructure development in these clusters.

Secretary Micro, Small and Medium Enterprises of the Union Government Shri Arun Kumar Panda informed about the schemes of the central government. He informed that the corpus fund of Rs. 2 thousand 500 crore under the Mudra Yojana has been increased many folds to provide benefit to maximum number of entrepreneurs.

Principal Secretary M.S.M.E. Shri V.L. Kanta Rao informed that 4 lakh 50 thousand units have been registered which have facilitated employment to 14 lakh persons. He further said that 13 departments are working together with M.S.M.E. department. Two lakh units will be registered in the current year. Shri Kanta Rao further stated that 22 incubation centers and 100 start up enterprises will be started this year.

Prominent announcements of CM

  • State government will compensate for the expenses for the patent registration and quality certification of the produce of MSME unit.

  • Eligibility limit of powerlooms of the state which are being provided to electricity at concessional rate, has been increased from 25 horse power to 150 horse power.

  • State government will provide 25 percent of the upgradation cost for maximum 8 powerlooms apart from the financial assistance from the Government of India to increase the pace of work of upgradation of the powerlooms.

  • Assistance of up to Rs 2 crores will be provided to promote development of private multi-storeyed industrial premises and private industrial area.

  • Provision will be made in rules to allot undeveloped government land to medium category enterprises.

  • Madhya Pradesh State Cluster Development Programme will be implemented.

  • A special skill enhancement programme will be started for unskilled and semi-skilled employees working in MSME units.

  • This year 7.5 lakh youths will be linked to swarozgar.

  • A special conference will be organized next month for Scheduled Caste/Scheduled Tribe entrepreneurs.

  • Building related Third Party Certification will be accepted for permission of building construction in industrial areas under MSME department.

  • Amendments will be made in rules to remove shortcomings in FAR determined for industrial land allotment and master plan of cities.

  • Government will assist in infrastructural development to develop Palda private industrial area of Indore.

  • Small Industry Promotion Board will be established in every district.

  • Permanent membership will be given to 5 prominent departments in State level Small Industry Promotion Board.

  • An integrated package will be developed after coordinating with banks for revival of sick small industries after their identification.

  • New land-allotment and land-management rules will be made for MSMEs.

  • Maximum Rs 500 stamp duty will be taken for registration on obtaining maximum Rs 25 lakh loan from financial institutions for setting up micro units.

  • Forms to be presented to the Pollution Control Board by MSME will be simplified.

  • To encourage MSME units, several MSME industries will be brought under white category.

  • Industry exhibition centre to be set up under smart city in Ujjain.

  • Incubation centres to be set up in all smart cities of the state.

  • For permission of construction of private industrial areas, related urban and rural bodies will be authorized.

  • Permission will be granted for other industries also besides agriculture based units in Palda industrial area in Indore.

  • Permission for construction of private ROW factory will be given to create Plug and Play facility.

  • Capital estimate given by DIC or AKVN for Karmakar Kalyan Cess applicable on industrial units will be made acceptable.

  • Power infrastructure development in new MSME industrial areas to be possibly included in their plan by the Energy Department.

Inauguration of Exhibition

An exhibition of small entrepreneurs was inaugurated by SHri Giriraj Singh and the Chief Minister. In this, nearly 300 units have put up their display.

The Chief Minister released skill upgradation books of MSME labourers and Mukhya Mantri Krishak Yuva Udyami Yojana, and new MSME development policy. He also started the online training programme. This will ensure that information about important things that entrepreneurs should remember will be available for them. Integrated online process of swarozgar schemes was also inaugurated. On the occasion Shri V.L Kantarao on behalf of the state government and Additional Executive Officer of Government e-market S Suresh Kumar signed an MoU. An MoU was also signed between Betul Udyog Sangh and the government.

Felicitation for best performance

MSME awards 2016-17 were given away for best performance in the Micro, Small and Medium sector on the occasion. While the first prize of Rs 51 thousand was given to Messrs Ganesh Oil Mill Gwalior, second prize of Rs 31,000 was given to Messrs Orient Paper Convertor Mandideep and third prize of Rs 21 thousand was given to Messrs Vatsal Shilp Dewas.

Similarly for good performance in stand up scheme, Tikamgarh District Trade Industry Centre and Burhanpur District Trade Industry Centre were honoured. While Indore was awarded for best performance in MUDRA scheme, District Industry Centre Dhar was awarded for best performance in assisting in the establishment and registration of MSME units. Kabadiwala.com was felicitated for being an innovative start up besides being given a letter of intent on behalf of the government.

Sharing his views, Shri R.S. Goswami of M.P Chamber of Commerce said that the struggle continuing since 1945 since license system has come to an end. Now the word renewal itself has been removed. For this he thanked Prime Minister Shri Narendra Modi. Industrialist of Mahakaushal area Shri Ravi Gupta said that it is obvious from the policies of the government that after agriculture, the state will make new records in the industry sector also. He stressed on the need to make a separate scheme for agriculture based industries. He said that Madhya Pradesh will receive the benefit of GST. Shri Jitendra Gupta of laghu Udyog Bharti discussed about the problems of small entrepreneurs.

Among those present on the occasion included Madhya Pradesh Laghu Udyog Nigam Chairman Shri Babulal Raghuvanshi, Rozgar Samvardhan Board Chairman Shri Hemant Deshmukh, Chief Secretary Shri B.P Singh, Principal Secretary Industry Mohammed Suleiman, Principal Secretary Administration Shri Malay Shrivastava, Principal Secretaries to CM Shri Ashok Vernawal and Shri S.K. Mishra, representatives of industries and industrial units and a large number of small entrepreneurs.