MSMEs in focus ahead of assembly elections

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The medium, small and micro enterprises in Rajasthan seem to be drawing upon extra focus just ahead of Assembly elections. The industries department has recently announced several clusters and a state-level facilitation centre for the MSME sector. In the sequence investment promotion centres will soon be developed at all districts.

“Budget has been sanctioned to establish such investment facilitation centers at all district level industry center. The objective is to make the department work more as a facilitator and less as a regulator,” Samit Sharma said industry commissioner of Rajasthan.

The industries commissioner informed of the decision during review of the state level facilitation centre that went operational earlier this month. The centre aims to provide one point solution for most queries concerning an MSME investor at state.

There are around 27 lakh MSME units at Rajasthan employing nearly 50 lakh people. The state government has in consideration of the sector declared MSME year from September 2017 to September 2018. The year concludes just days before the model code of conduct is expected to come into force in state and many announcements for the sector have come along in the time.

Impact of the assembly elections is also reflected upon the trade and industry bodies at state. Several events for the sector were held by these bodies over the last one month. “The trade bodies events focuses to bring government and industry representatives on a common platform, it will be difficult to do so once model code of conduct comes in implemented,” said a senior officer at trade body while explaining the urgency.

Meanwhile, despite the government support, the sector continues to face a fiscal crunch. “Though the central and state governments have come out with various MSME financing schemes, MSMEs still find it difficult to meet their short and long term finance requirement. Access to easy and affordable finance is required by MSME to perform as per their potential,” said head of FICCI Rajasthan State Council.

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