Ludhiana, January 11, 2018: Sh.Upkar Singh Ahuja, President-CICU, while welcoming the chief guest & other dignitaries informed about the activities being done for the development of the industry. He said that this program will help the industry for its growth & loan under SOFT Loan fund for Micro, Small & Medium Enterprises (SMILE) will encourage the entrepreneur for setting up of the new units & expansion of their existing units.
Mr.Anand Prakash Srivastava, General Manager, SIDBI addressed the gathering by his motivational speech. He informed that under SMILE scheme rate of interest is considered at the rate of 8.35% whereas woman entrepreneurs can avail loan at the rate of 7.8%. He further informed that 25 industrial sector have been covered under this scheme and to help the industry Udyamimitra portal has been launched for the easy access of the various schemes of loans with different banks. He also elaborated the energy efficiency scheme of MSME which is being executed by the SIDBI & Bureau of Energy Efficiency (BEE) through the consultant from CII.
Smt. Charu Verma, Manager, SIDBI presented the details of the Udyamimitra portal and also informed about the details of the standup mitra portal. She also said that a minimum loan size is Rs. 25 lakhs for an entrepreneur is available under the scheme. She further elaborated that the enterprises promoted by the SC/ST, PWD, Physically handicapped & women will have the special incentive under this scheme.
Sh. Vinod Thapar, Chairman, Knitwear Club appreciated the scheme & informed that the apparel industry will get maximum benefit out of this scheme.
The Program was attended by S/Sh. Rajesh Gupta, Rajinder Singh, Jaswant Singh, Sukhdev Singh, Sumit Grover Amandeep singh, S.S Bedi, Rajesh Gupta, Satvinder Singh, S.B. Singh & other prominent members of the CICU.