Loans worth Rs 51.37 crore granted to 115 entrepreneurs
Jamshedpur: Addressing the entrepreneurs of Jamshedpur, Prime Minister Narendra Modi Friday said he would himself monitor the implementation of the 100 day Support and Outreach programme. There are a total of 100 clusters shortlisted for the programme from all over the country. Jamshedpur is one of these clusters.
The PM addressed the entrepreneurs gathered at Gopal Maidan, Bistupur, in a video conference from Vigyan Kendra, New Delhi. A large number of representatives of various trade and commerce organizations including Singhbhum Chamber of Commerce and Industry were present on the occasion.
Present as the chief guest at Gopal Maidan, State Urban Development minister CP Singh said the micro, small and medium enterprises (MSME) are the backbone of Indian economy. India�s progress cannot be imagined without MSMEs, he said.
Singh said MSMEs form the second largest sector after agriculture in the Indian economy. The MSMEs provide second largest number of jobs, he said.
During the programme, 115 entrepreneurs were granted loans worth Rs 51.37 crore by various public sector banks.
Singh said the Central and state governments are putting in persistent efforts to provide funding and enrichment to the MSMEs. He said the Centre�s initiative to provide loans to MSMEs in just 59 minutes will prove to be a milestone in the coming days.
The minister appealed to bank officials to adapt themselves in a way so as to pass the MSME loans in 50 minutes. Smaller traders should be given equal importance, he said, adding further that this would help the public trust in government grow exponentially.
Singh said it was the responsibility of bank officials to implement the policy decisions and schemes of the government. He said the traders should also pay focus on improving the quality of their products. Quality and pricing should be improved in order to compete with the industries of China, he said.