The State Government has asked the bankers to expedite sanctioning and disbursement of assistances against the eligible pending loan applications of MSME units by end of the current month February.
Micro, Small and Medium Enterprises (MSME) ACS LN Gupta issued an instruction to the bankers at a sub-committee meeting of the State Level Bankers’ Committee (SLBC) on MSME held here on Saturday.
It was revealed that PMEGP assistance of Rs 51.88 crore has been disbursed during the FY 2018-19 till February 15, 2019 for promotion of 2,079 MSME units.
The KVIC Director informed that those applicants, who have repaid the first loan under the PMEGP and are ready to provide 10 per cent contribution, can avail the second loan for expansion and up-gradation of their projects up to Rs 1 crore. The maximum subsidy on the second loan would be Rs 15 lakh.
During the review, SLBC Convener PKC Dash from the UCO Bank informed that 469 branches of various commercial and Gramya Banks have been declared as specialised MSME bank branches to cater to the requirements of MSMEs in the State.
The representative of SIDBI informed that MUDRA loans of Rs 1,152 crore sanctioned to 62,077 loan beneficiaries have been covered under Credit Guarantee Fund for Micro Units (CGFMU).
The Industries Director said that during the current year by January-end, 67,500 MSMEs have gone into production (GIP) with an investment of Rs 4,050 crore and employment to 3,37,500 persons.The Director also informed that total 317 Entrepreneurship Development Programmes (EDPs) have been conducted till January 2019 covering 9,800 participants.
