'Pharma sector: Clusters to help small units to scale-up with minimum cost'
Jayarama Emani | The Dollar Business The recently launched Clusters Development Programme (CDP) for Pharma Sector is a very good scheme that will boost the small scale industry (SSI), said an expert. Speaking to The Dollar Business, Dr. P V Appaji, Director-General, Pharmaceutical Export Promotion Council of India (Pharmexcil), said “The CDP scheme is formulated with specific focus on SSIs. Any 10 members can form a society and avail Rs 20 crore fund support from government for development of their cluster. Pharmexcil will study the scheme in detail and will support the members all over India for cluster growth. Though the amounts involved are small, we are confident it will work good for the small units.” The following benefits are likely ...
Grouping micro & small with medium enterprises self-defeating, says Expert
Jayarama Emani | The Dollar Business The recent norms of grouping micro and small with medium enterprises, when it comes to priority sector lending is self-defeating, said an expert. Speaking to The Dollar Business, Tamal Sarkar, Director, Foundation for Micro, Small & Medium Enterprises (MSME) Clusters (FMC) said, “It is well known that banks are prone to support small and medium, an estimated 300 to 400 thousand such enterprises all over India, as compared to 11 million micro enterprises, in the manufacturing sector. The reason is the ease, the collaterals available and the large value loan. Hence at times the same party is financed multiple times too.” “If we are truly interested in lending to priority sector, then it has to ...
Training must for the success of the new software for SMEs: Expert
Jayarama Emani | The Dollar Business An appropriate training mechanism will further strengthen the cause of the new software for the small and medium enterprises (SME) software launched recently, opined an expert. Speaking exclusively to The Dollar Business, Tamal Sarkar, Director, Foundation for MSME Clusters (FMC) said, “Micro enterprises do not have the capacity to understand basic formal accounting. They mostly look at accounts on cash rather than on accrual basis. It is important that we create appropriate training mechanism for the same.” Stating that the software is a welcome step by the government, Sarkar also added, “It will be important to provide such software in local language, for higher pick-ups and further strengthen the cause of the software.” ...
Revamped SFURTI scheme to boost Khadi industry
The Dollar Business Bureau The Khadi and Village Industries Commission (KVIC) under the Ministry of Micro, Small & Medium Enterprises (MSME) on Sunday, organized an event aimed at promotion of traditional industries of India. A national workshop on revamping of ‘Scheme of fund for regeneration of traditional industries (SFURTI)’ was aimed at creating platform for interaction and knowledge sharing on cluster development. Speaking at the meet, the Union Minister of MSME, Kalraj Mishra announced that under the current five year plan, the Ministry would set up 800 SFURTI clusters to boost the Khadi and Village Industries (K&VIs). Stating that the modernization of Khadi and traditional industries is a key for development, the Minister hoped that the new measures will ...
