STAFF REPORTER
GUWAHATI: KVIC (Khadi and Village Industries Commission) Chairman Vinai Kumar Saxena has said that the growth of Khadi industries has made a quantum jump from six per cent in 2014 to 29 per cent now.
Addressing the media at city hotel on Saturday, Saxena said, We re approaching various ministries, schools, universities and other to adop khadi. Some of the institutions have accepted our plea. All paramilitary forces will adopt khadi products in their canteens. We ve IITs and NITs with us to provide technical support. Under the PMEGP (Prime Minister Employment Generation Programme) 2.28 lakh people have been employed. To make traditional industries more productive and competitive and facilitating their sustainable development the Centre is setting up a fund for the generation of traditional industries, he said.
Synopsis
The Union Budget 2021-22 has earmarked an allocation of Rs 15,700 crore for the Ministry of Micro, Small and Medium Enterprises more than double of the last year.
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The biggest takeaway of this category has been the allocation earmarked to GECL facility to eligible MSME borrowers.
For the Covid hit MSMEs, the key highlight of the Union budget 2021 remained a higher outlay to the sector.
To accelerate the revival of the Covid- hit sector, Finance Minister Nirmala Sitharaman has made a provision of Rs 15,700 crore for the sector. The sector, touted to be the backbone of the nation’s economy, was allocated Rs 7,572 crore in the previous union Budget of 2020-21.
Odisha chief minister Naveen Patnaik
BHUBANESWAR: With an aim to help the pandemic-hit micro, small and medium enterprises (MSMEs) in the state, chief minister Naveen Patnaik on Tuesday approved a package of Rs 289.42 crore that includes a number of assistance measures.
The assistance measures include interest subvention, top-up subsidy, reimbursement of state GST and waiver of annual institutional maintenance charges, which would benefit around 2 lakh MSMEs, said an official statement.
“The package has been announced at benefiting a range of entrepreneurs, mostly women and weaker sections of society, in the MSME sector of the state to recover from the unexpected challenges by the Covid-19 pandemic. MSME sector generates huge employment opportunities,” said an official.
Naveen announces Rs 289 crore package for MSMEs to combat COVID-19 outbreak PNN
Bhubaneswar: Chief Minister Naveen Patnaik has approved a package of Rs 289.42 crore for the benefit of MSMEs in order to combat the pandemic situation in the state.
The package includes a number of assistance measures such as interest subvention, top-up subsidy, reimbursement of state GST and waiver of annual institutional maintenance charges.
The package is aimed at benefiting a range of entrepreneurs, mostly women and weaker sections of society, in the MSME sector of the state to recover from the unexpected challenges by the COVID-19 pandemic.
As per the provision, the government will provide an interest subvention for the MSMEs under emergency credit line guarantee scheme with a one-year moratorium.