Emphasising the need for creating financial literacy and awareness of government schemes for growth of Micro, Small, and Medium Enterprises (MSMEs), Additional Development Commissioner, Central government Ishita Ganguli Tripathy said more than one crore informal MSME’s had been brought into the formal sector during the last three years.
Speaking after inaugurating an Outreach programme on Financial Literacy and Emerging Opportunities for MSMEs organised by Small Industries Development Bank of India (SIDBI) and Karnataka Small Scale Industries Association (KASSIA) in Mysuru on Friday, Ms. Tripathy said the government had increased the allocation for MSME sector in the Budget to promote their growth.
The MSME’s should make use of the government programmes, subsidies, and loan facilities made available to them from the banks.
