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KSFC clears Rs. 30-cr. industrial projects

Staff Correspondent

Belgaum: The Karnataka State Finance Corporation (KSFC) cleared financial assistance for new industrial projects worth Rs. 30 crore in various sectors in its Belgaum Zone on Wednesday.

The projects in agriculture, education, health and construction sectors, which came up for consideration at the Project Clearance Committee meeting chaired by KSFC Managing Director M. Madan Gopal, were from Belgaum, Bagalkot and Bijapur districts.

Among other officials present at the meeting were KSFC Deputy General Manager (Belgaum Zone), P.R. Jadhav, and General Manager (North Zone) B.H. Srinivas Murthy.

A KSFC press release said, the corporation had been playing a crucial role in the development of micro, small and medium scale enterprises in the State. It had assisted more than 1.60 lakh units sanctioning more than Rs. 9,102 crore, half of which was for Small and Medium Enterprises.

The Belgaum Zonal office, which caters to the financial needs of entrepreneurs of Belgaum, Bagalkot and Bijapur districts conducted one-day Entrepreneurs' Meet on Wednesday to boost the process of economic progress of the region.

Speaking on the occasion, Mr. Gopal asked the entrepreneurs not to depend on government subsidy alone and to improve efficiency and bring down cost of production by adopting innovative management practices.

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