CII Statement on PM announcement on MSME ‪@CIIEvents‬

CII Statement on PM announcement on MSME

New Delhi : In a statement issued today, Mr Chandrajit Banerjee, Director General, CII said “The progressive 12-point agenda for MSME announced by Hon’ble Prime Minister addresses the right pain points for the small enterprises sector which provides livelihood to millions of households in the country. The online portal launched for providing credit in less than an hour is a visionary initiative to make funds available to the sector at a time when it is facing a major liquidity crunch. Coupled with increase in interest rate subvention, it will provide much-needed impetus to the sector.

The 12 steps would strengthen productivity, improve administrative processes, and infuse technology for the MSMEs. Taken together, the innovative measures will have far-reaching impact on the health of the MSME sector and enable it to emerge as a potent instrument for growth of the overall economy.

We compliment Hon’ble Prime Minister on a comprehensive and strategic program to revitalize MSMEs as a dynamic engine of inclusive growth.”