MSME
The Federation of Rajasthan Trade and Industry (Forty) has tied up with the Small Industries Development Bank of India (SIDBI) to solve the financial problems of small scale industries. The settlement letter was signed by Suresh Aggarwal, President of Forty and Ashok Kumar Pandey, General Manager of SIDBI. Forty issued a statement saying that through this agreement, both the small entrepreneurs of the state will give information about the industry incentive schemes of the Central and State Government, skill development training and provided loans in an easy manner.
Loan is to be approved by bank.
According to the statement, SIDBI’s representative will provide services available in Forty’s office. Suresh Aggarwal said that many micro, small and medium enterprises (MSME) in ‘Rising Rajasthan’ have submitted a memorandum with the government for investment. He said that after this, industries will need loans. Usually, the loan approval from the bank is a very complex process, but the agreement of Forty and SIDBI will provide proper consultation to entrepreneurs and also provide loans easily.
Entrepreneurs will solve the financial problem
SIDBI general manager Pandey said that we will try to connect entrepreneurs with various types of training, workshops, seminars with various schemes of the government. SIDBI’s representative will serve his services in the Forty office, so that members of Forty can get various information at any time. On this occasion, Forty Conservator Surjaram Mile said that Foreti and SIDBI will jointly create a favorable environment for investment and industry in the state. This will solve the financial problem of entrepreneurs.
(With PTI/language input)
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