Karnataka SME Associations To Organize Programme For Sick Units | SupportBiz

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Karnataka SME Associations To Organize Programme For Sick Units

 
The organizers have urged the industries department, finance institutions, industry organizations and all other associated bodies to propagate the Sick Industries Rehabilitation Scheme proposed by the then Industries Minister RV Deshpande in 2002.

Bangalore, January15: Several associations representing the Micro, Small and Medium Enterprises in Karnataka will come together to organize an awareness programme to address the challenges faced by MSMEs in the state. The key focus of the programme will be on the various schemes, incentives and concessions for the rehabilitation of silk industries.

The programme is jointly organized by the Ministry of MSME, Karnataka Small Scale Industries Association, Bangalore (KASSIA), District Industries Centre, State Bank of Mysore and Mysore District Micro Small and Medium Enterprises Association (MDMSMEA), KNN India reports. This is aimed at the benefit of sick and incipient sick industries in the state.

“Enterprising Industrialists of Karnataka are running their industries in spite of a number of challenges like global economic crises, non-availability of need based funds, unscheduled power cuts, lack of skilled labour and problems related to infrastructure, etc. Presently 30 per cent of MSME’s are closed, 30 per cent are sick, 10 per cent are in the stage of incipient sickness and the remaining 30 per cent of MSME ’s are overcoming all challenges,” said a press note by General Secretary, MDMSME Association, Suresh Kumar.

MDMSME General Secretary said its high time the industries department, finance institutions, industry organizations and all other associated bodies to propagate the Sick Industries Rehabilitation Scheme proposed by the then Industries Minister RV Deshpande in 2002.