Tamil Nadu - Tuticorin   

“Entrepreneurs should utilise benefits being offered by State”

Tuticorin: The entrepreneurs should utilize the benefits being offered by the State government to promote the growth of industries in the Micro Small and Medium Enterprises sector in the district. The business trends here were showing good signs of growth and infrastructural developments , Collector G. Prakash said here on Wednesday.

Presiding over the programme organised by District Industries Centre to create awareness for business entrepreneurs about Micro Small and Medium Enterprises policy 2008 and Prime Minister Employment Generation Programme, Mr. Prakash said opportunities were aplenty but the stakeholders should implement business strategies accordingly to make it more viable. A loan of Rs. 1 lakh was extended to Rajeshwari of Azhwarthirunagari, the beneficiary under PMEGP for starting a self employment unit and carrying out activities for manufacturing readymade garments. The financial assistance was provided by the Indian Bank, Azhwarthirunagari.

For establishing, micro enterprises in the district, about 15 per cent subsidy towards capital investment would be extended based upon the eligible value of plant and machinery. In addition to capital subsidy, power subsidy would be extended at the rate of 20 per cent of the power charges paid by the unit for a period of 36 months from the date of commencement of production.

For setting up small scale industry in the backward area, a sum of up to Rs. 30 lakh would be provided to the like minded entrepreneurs towards capital investment with 15 per cent subsidy.

Later Mr. Prakash released a handbook containing details related to industrial developments under MSME and PMEGP. The first copy was received by Jeyaram, President, Thoothukudi District Small Scale Industries Association (THUDITSSIA). The contents of the hand book include industrial opportunities in the district and block wise potential and activities.

Aaroon Rashid, Assistant Director, MSME, Development Institute, Branch office, Tuticorin and Jeyasingh, Regional Manager, Tamil Nadu Industrial Investment Corporation, Tiruenlveli spoke about the services being offered to entrepreneurs for promoting trade opportunities. S. Rajendran, Chief Manager, State Bank of India, Tuticorin, highlighted the schemes available and loans extended to the needy. R. Arangannal, General Manager, District Industries Centre, Tuticorin, organised the programme. Over 500 persons including entrepreneurs, members of Tiny and Small Scale Industries, THUDITSSIA, SHGs, non-government organisations, final year students of engineering and polytechnic colleges attended.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Preparatory camp
414 cans of rectified spirit seized
“Entrepreneurs should utilise benefits being offered by State”
New product introduced

Copyright © 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu