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| Industrial units plead for loan-interest waiver |
| BS Reporter / Chennai/ Mysore Jul 16, 2009, 00:43 IST |
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Industrial units in Karnataka has appealed to the state government to waive the interest on loans and has demanded the immediate payment of their subsidies against the background of global recession that had affected it.
Mysore District Industries Centre joint director M Shivashankar said, today recession had hit even the major and large industries, resulting in a fall in production and job cuts. Against this background, discussions were being held between the government and the industries’ associations on the options to address the challenges arising from the impact of recession.
Inaugurating a one-day industrial motivation-cum-awareness programme on the ‘Role of Government in Global Economic Recession’ in association with Micro, Small and Medium Enterprises (MSME), Government of India and the District Industries Centre, organised by the Mysore Industries Association, he highligh-ted the schemes announced by the state and the Centre in the wake of the impact of recession on industries.
The government had launched such awareness programmes to motivate industries to face up to the challenges, he added.
Bangalore MSME-DI assistant director H V Ananda Murthy explained the various schemes and benefits of the centre to help industries so that they come out of the recession.
These include credit-linked capital subsidy scheme under which 15 per cent subsidy on the investments on plant and machinery will be provided through the Small Industries Development Bank of India (SIDBI) and other nodal agency banks. Also, reimburse-ment of 75 per cent of the expenses incurred in getting the ‘bar code’ for SME units a refund of Rs 75,000 or 75 per cent of the expenses incurred for getting ISO 9000 certification through MSME DI office for which funds are readily available.
Schemes like refunds of up to Rs 1.25 lakh of the expenses to any entrepreneur incurring expenditure or for participation in international expositions identified by the DC, MSME, New Delhi, office and for prospective entrep-reneurs, incubator assist-ance i.e., assistance for development of innovative pro-jects under which Rs 3.25 lakh to Rs 6.5 lakh of assistance fund is available to an individual from the centre, and is non-repayable.
In addition to the above, the centre assists in conducting training programmes on finance management, quality management and other programmes under cluster development, for which a fund of Rs 10 crore for each cluster was available.
He urged the industries in the state to make use of the facilities and assistance available from the Centre.
State Bank of Mysore-RASMECC chief manager N Ravikumar explained the schemes announced by the Centre along with the
Reserve Bank of India gui-delines to help industrialists tackle the effects of global recession.
There were tailor-made schemes for industries like the SME care, the SME help, transport operative facility among others.
He advised industry to go in for rating to get more interest concession and easy finance assistance.
NSIC-Mysore chief manager K P Kamalakaran advised industrialists in the region to register all units under NSIC to secure more orders from the Central government undertakings like BEML and Railways.
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