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Portal to market MSME products demanded

New Delhi: Gujarat Industries Minister Shri Saurabhbhai Patel today strongly demanded that banks should be directed to lend money to MSMEs without Collateral security up to the loan amount of Rs 1 crore. He also urged the Central Government to direct banks to lend the loan at 8 per cent or may provide interest subsidy to Micro and small entrepreneurs Speaking at the National Conference of States’ Ministers for Industries & MSME here, Shri Patel demanded a web-based application for marketing of products of the MSMEs so that consumer products or industrial produce can be marketed through web portal by making efficient arrangements or tie-up with a competent agency. He also advocated for an industrial area wise Employment exchange portal for employee and employer. The Gujarat Minister said that all the Central Government schemes for MSMEs should be operated through District Industries Centre (DIC) so as to strengthen the role of State Governments. Shri Saurabhbhai Patel raised the issue of interest charges by banks to MSMes at a current state of 12 per cent to 14 per cent. He requested that GoI should reduce the lending rate at 8 per cent to benefit micro and small traders. He said that micro units under the Rs 25 lakh slab are not getting credit from banks as per norms. In addition, innovative and research projects should be encouraged and need-based assistance should be provided to MSMEs. Shri Patel opined that the Central Government should do away with multiple registration process and rather adopt a single unique registration system for all the acts and rules. The Gujarat Minister shared schemes run by the state government for promoting MSMEs which were appreciated by other states. Shri Saurabhbhai Patel also demanded one time settlement for sick units for central dues.

About Sanjay Trivedi

Sanjay Trivedi is honorary editor of Asia Times. He is senior Indian Journalist having vast experience of 25 years. He worked in Janmabhoomi, Vyapar, Divya Bhaskar etc. newspapers and TV9 Channel as well as www.news4education.com. He is serving as Media Officer in Gujarat Technological University, the university which controlling 440 colleges of Engineering, Management, Pharmacy & Architecture colleges in Gujarat.

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