Several steps taken to support MSMEs - Shri Mahabir Prasad

13 Mar '08

2 min read

The Government has taken various steps for promotion of micro and small enterprises in the country, particularly the first generation entrepreneurs through Entrepreneurship Development Programmes.

This was stated by Shri Mahabir Prasad, Minister for Micro, Small & Medium Enterprises (MSME) while chairing the Fourth Meeting of the National Board for Micro, Small & Medium Enterprises (NBMSME).

The main agenda for the fourth meeting of the NBMSME was Establishing of Entrepreneurship Development Institutes by State Governments and issues of concern for MSMEs.

Shri Prasad said, Entrepreneurship Development is one of the key elements for promotion of micro, small & medium enterprises and is a major means for inclusive growth.

The Minister said, to undertake and facilitate this task on a regular basis, the Ministry of Micro, Small & Medium Enterprises has set up three national level Entrepreneurship Development Institutes (EDIs).

Besides, the Ministry has also been implementing an important scheme, viz, Scheme for Assistance for Strengthening of Training Infrastructure and new Entrepreneurship Development Institutes.

Under this scheme a maximum of one crore rupees assistance is given to new Entrepreneurship Development Institutes as also to existing institutes.

Expressing satisfaction that the General Budget 2008-09 has made a provision of Rs. 2,000 crore Risk Capital Fund for Small Industries Development Bank of India (SIDBI), the Minister said that some more proposals would be taken up during the budget discussions.

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