PMEGP crucial for success of MSME : Biswajit
Source: The Sangai Express / DIPR
Imphal, October 27 2017:
Successful implementation of the Pradhan Mantri Employment Generation Programme depends on cooperation and trust among the different stakeholders including bankers responsible for loan sanction, department officials and the applicants, said Textile, Commerce and Industry Minister Thongam Biswajit Singh while chairing a review meeting for PMEGP today .
The meeting attended by Principal Secretary (Textile, Commerce & Industry) P Vaiphei, Deputy Commissioners, General Managers of District Industry Centres, officials of different banks, Khadi Village Industry Board and Khadi Village Industry Centre was held at the conference hall of the Minister's New Secretariat Office .
Observing that many of the applicants are ignorant of scheme guidelines resulting in wrong and incomplete applications which got rejected by the banks, Biswajit called on the officials to organise awareness and training campaigns for the applicants.
He also asked the applicants not to overestimate their loan amounts while preparing Detailed Project Reports since the banks reject overestimated and unreasonable DPRs .
The PMEGP is very crucial for the success of the Micro, Small and Medium Enterprises (MSME) of the State so we should implement it properly, the Minister said, adding that all stakeholders should take the initiative to spruce up implementation of the programme .
Saying that failure of the programme would demoralise the poor who aspire to be entrepreneurs, he asserted that we should always encourage entrepreneurs as they help in creating jobs and solving the unemployment problem .
He also said that the bankers should highlight their problems to the Government so as to find a solution .
Principal Secretary Vaiphei said that everyone should take the initiative to make the implementation of the scheme more transparent and complete it in a more time-bound manner .
Complementing some DCs on their active role in implementing the scheme, the Principal Secretary urged all the DCs to take a more proactive role to improve the implementation.
He also advised the concerned district officials to raise their specific issues so that it could be discussed and resolved .
During the review meeting, the concerned officials highlighted the district wise targets and allocations under the scheme.
The meeting discussed the district wise implementation of the programme and the issues and problems faced during implementation of the programme.
GMs also highlighted the issues pertaining to the poor implementation of the programme .
Minister Biswajit also chaired the first meeting of the Manipur State Industrial Development and Socio-Economic Advisory Committee .
The Minister sought suggestions, inputs and other critical assessment of the draft of the Industrial and Investment Policy of Manipur from the members of the Advisory Committee .
He maintained that the main objective of the policy is to attract investors in the State and help in eradication of poverty .
Principal Secretary P Vaiphei invited the members and experts for ideas and inputs on what to suggest for inclusion in the North East Industrial and Investment Policy which is under formulation .
Minister Biswajit is the chairman of the committee.
There are 17 members of the committee with Joint Secretary (Textiles, Commerce & Industry) Laltanpuii Vanchhong as the convenor.
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