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MSME entrepreneurs feel the government needs to implement schemes to support the MSMEs

MSME

Andhra Pradesh MSMEs want the government to give them a helping hand

These days the Micro Small and Medium Entrepreneurs of Vishakapatnam are an unhappy lot. At a time when the state and the central government is wooing, the MSMEs feel that the government should do something to implement schemes and plans effectively in order to support the local industry.

The problems that are being faced by the MSMEs are in the form of delays in issuing compensations to small entrepreneurs who had suffered losses due to cyclone Hudhud. They also complained of the red-tapism which they had to face in order to procure a loan from financial institutions. The representatives of the small scale entrepreneurs also asked for effective implementation of the public procurement policy by the PSUs.

The representatives also pointed out that the micro and small industries which had suffered losses because of cyclone Hudhud are yet to be awarded the compensation by the government. According to the compensation, each unit was supposed to get Rs 25,000 as compensation and those which were uninsured would get a sum of Rs 50,000 as compensation. Almost 14,000 units were identified by the state government for the compensation. A sum of Rs 5 crore was supposed to be released by the state government for these industrial units.

One of the biggest hurdle that the MSME industry in the sector faces is of the technology upgradation. According to the micro and small scale entrepreneurs, the government has given a number of proposals for technology upgradation and research work, but it will only be helpful when the entrepreneurs know whom to approach? The main problem lies in the fact that these entrepreneurs do not know how to access the upgradation processes.

The good news is that the government is willing and has even taken steps to promote the MSME sector in the country, but the problem lies in the implementation. The MSME entrepreneurs do not know where to go when it comes accessing these facilities.

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