State Government is soon going to set up a Corpus Fund of Rs 100 crore to be kept with the banks as guarantee to facilitate the Micro Small and Medium Enterprises (MSMEs) in getting loans from banks conveniently: CM 7-05-2015
Chandigarh May 7: Haryana Chief Minister Mr Manohar Lal today announced that the State Government is soon going to set up a Corpus Fund of Rs 100 crore to be kept with the banks as guarantee to facilitate the Micro Small and Medium Enterprises (MSMEs) in getting loans from banks conveniently. The Chief Minister who was speaking at FICCI National Executive Committee Meeting here today said that in the upcoming new Industrial Policy, MSMEs have been singled out for special support. He said that the availability of bank credit without the hassles of collateral and third party guarantees would be a major source of support to the first generation entrepreneurs to realise their dream of setting up their own Micro and Small Enterprise (MSE). Besides, fund of Rs. 1,000 crore, available under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) set up by the Government of India, would be leveraged for benefit of Micro and Small Enterprises in the State. He said that the State Government also intends to identify Industrial zones across the State where industries including MSMEs would set up their units through simplified and delegated CLU process. The MSMEs would also be provided specific support by way of District Facilitation Centres which would provide hand holding services to the industry. The Investment Promotion Centre at Delhi would also be strengthened for providing all necessary support to the industry, he added. On this occasion, the Chief Minister invited all the stakeholders to come to Haryana, invest in the sector of their choice and be partners in growth. He also assured them all possible support and cooperation of the State Government. He lamented that the industrial sector in Haryana did not get the atmosphere it deserved. He said that the State Government is committed to provide an investment friendly atmosphere in the State and added that during the last few months, the government has been successful in providing such atmosphere to the industries in the State. He said that during the Pravasi Bhartiya Diwas Sammelan held at Gandhinagar in Gujarat, he invited the entrepreneurs of country and abroad to set up their ventures and become a partner in the development process of the State. Mr Manohar Lal said that Industrialization plays a vital and crucial role in the economic development of an economy. State’s new Industrial Policy 2015 is on anvil to spur growth, give further boost to the Manufacturing Sector, laying special emphasis on ease-of-doing business. He said that we endeavour to adopt a comprehensive approach to assist the MSME Sector in becoming globally competitive and added that the policy would be aligned with the Make in India, Digital India and Skilling India campaigns of the Government of India. He said that Estate Management Procedures are being revised and liberalised, with special focus on facilitation and transparency. Apart from this land use norms would be liberalised to promote walk-to-work culture and to incentivize developers for setting of industrial colonies, which would also generate employment avenues for youth. In addition, norms would be put in place to make Industrial Worker Housing more affordable and CLU and licensing norms would be liberalised and made user-friendly to kick-start developmental activities throughout the State. Also, labour laws would be liberalised and streamlined to benefit industrial workers and management. He said that the recent major initiatives taken by the Prime Minister, Mr Narendra Modi to focus on some of the key challenges facing our nation today would transform India in a time bound manner and we are committed to work in unison to achieve these goals. Haryana, he said wholeheartedly supports these initiatives and has begun work in full earnest on these key initiatives. He said that Key futuristic and flagship initiatives like - Make in India, Swachh Bharat Mission, Beti Bachao Beti Padhao, Skill India and Digital India etc. have the potential for national and social transformation. The Chief Minister said that Haryana is a small State, accounting for just 1.3 per cent of the total area of the Country, but we contribute nearly 3.4 per cent to the national economy. The State, which was largely an agrarian economy initially, is now one of the most industrialized States in the country, with the manufacturing and allied activities and services sectors contributing about 86 per cent to the Gross State Domestic Product. He said that Haryana’s proximity to the National Capital, New Delhi, impressive infrastructure facilities, investor-friendly climate, pollution-free environment, excellent law and order situation, modern communication network, world class residential and commercial accommodation and cosmopolitan ambiance makes Haryana a perfect destination for investment. He said that apart from this, Haryana has a geo-strategic location advantage. The anticipated national economic revival is an excellent opportunity for investors and entrepreneurs. He said that Haryana today leads in terms of manufacturing of a number of products like - passenger cars, two-wheelers, cranes, earthmovers, tractors, bicycles, sanitary ware, white goods, footwear etc. The State is home to a large number of multi-national companies and there are more than 1000 projects with foreign technical or financial collaboration. Multi-national companies like Suzuki, Honda, IBM, Harley Davidson, Hollister, Agilent, Nestle, Harvel, Siemens, Denso, Yakult, Danone, JCB, to name only a few, have their base in Haryana. He said that as a part of Skill India, Haryana has undertaken a skill gap analysis and thereafter set a target of skilling 17 lakh youth upto 2017. We are also actively participating in the labour law reform initiatives of the Ministry of Labour which focuses on simplification and computerisation of procedures. Haryana is also participating in the ‘Shram Suvidha Portal’ launched by the Government of India, he added. He said that the State has aligned its vision with three focus areas of the Government of India’s Digital India mission. These three areas are the provision of Digital Infrastructure as a Utility to every citizen, the provision of Governance and Services on demand and the Digital Empowerment of Citizens. He said that his government aims at promoting Haryana as a vibrant and competitive destination internationally. We want to offer this State as a corporate capital, as an industrial destination, as a residential and entertainment centre. He said that the State Government has taken various steps to provide a conducive environment for industries in the State. The government has simplified the process for inspection of boilers or boiler components during the manufacturing and use by extending them the facility of self –certification and third party inspection. He also said the facility of e-filling of return by the industries would be made available in the State by June 30. The Chief Minister said that Under the ‘Make in India’ initiative, we intend to provide support to the Industry, particularly MSME, by improving ‘Ease of Doing Business’ through simplification of procedures, minimizing of waiting period, improvement of business environment and introduction of information technology to make governance more efficient and effective. He said that under the Right to Services and Industrial Promotion Acts, timely delivery of services and approvals would be provided to the citizens of the State on digital platform. Under the Digital India initiative, we are planning to lay the optical fibre network connecting all villages for wide-spread digital literacy and creating of virtual infrastructure, he added. Apart from this we also intend to set up Knowledge Warehouse for incubation support for start-ups and promote MSMEs. He said that recognizing that development of matching skill-sets is a pre-requisite for the growth of industry; the State has been proactive on this front. He emphasised that skill gaps with respect to specific job roles required by industries needs to be identified and industry should promote on-job-training programmes. He urged the Industries to come forward and join hands with the government to identify and meet skill requirements of industry and optimally utilise infrastructure available with government institutions. The Chief Minister said that we believe in minimum government and maximum governance. In line with our philosophy, we have launched ‘CM Web Portal’ and ‘CM Grievance Redressal System’, on the occasion of ‘Good Governance Day’. These initiatives seek to make the administration transparent, efficient and responsive to the needs of the people. The people of the State and elsewhere could share ideas, views, make suggestions and register grievances. The system provides for grievance redressal in a time bound manner, he further added. Recently he has launched seven e-services which included e-Stamping, Jeevan Pramaan, Revised State Portal, Aadhaar-enabled biometric Attendance System, CM Window, Mobile app and Aadhaar-linked registration of birth. Speaking on this occasion, President, FICCI Ms Jyotsna Suri appreciated the Haryana Government led by Chief Minister Mr Manohar Lal for actively pursuing the agenda industrial development in the State. On behalf of FICCI , she extended full support and cooperation to the initiates of the government for the growth of industrial sector. Later, the Chief Minister also took part in the interactive session and also answered the queries of entrepreneurs. Haryana Chief Secretary Mr DS Dhesi, Principal Secretary Industries Mr Devender Singh and a number of representative of various industries of Haryana, Punjab and Chandigarh were also present on this occasion.