Karnataka to get six more incubation centres for MSME

The state govt is giving an impetus to skill development along with the setting up of incubation centres

Government has decided to increase the number of incubation centres in Karnataka from four to 10 as part of its efforts to boost the micro, small and medium enterprises (MSME) sector, Union Minister for MSME Kalraj Mishra said today.

“We have decided that we will run 500 incubation centres in the country; today on women’s day I’m announcing that in Karnataka we will be have 10 incubation centres, and as of now there are only four,” he said.

Speaking at an event organised by the Confederation of Women Entrepreneurs (COWE), Karnataka Chapter here, he said his ministry was working towards encouraging rural, women and youth entrepreneurship.

“Our government is giving an impetus to skill development along with the setting up of incubation centres,” he added. The Union government in October last year had said it will be opening 500 incubation centres in the country, for boosting the MSME sector.

Stating that this year’s Union Budget had given importance to the MSME sector, Mishra pointed out to the proposal to create a refinancing agency, Mudra Bank with an initial corpus of Rs 20,000 crore to provide credit facilities to businesses owned by entrepreneurs from SC/ST categories, among others. He also said that a thought had been floated that an ‘MSME Day’ should be celebrated. “I support it and we will think about it.”