Hyderabad, October 04 (Siasat News): State government will take steps to provide employment for educated unemployed by providing finance without surety upto Rs. one crore through SIDBI and other financial institutions for setting up of small scale industries.
Till now 1135 persons during the year 2007-2008, 1952 persons during 2008-2009, 3980 persons during 2009-2010 and 3119 persons during the year 2010-2011 benefited from the scheme.
Minister for small and medium enterprises sugar and khadi and village industry DK Aruna told this in her statement and said that it was decided in a RBI meeting held in the month of August that state government will promote atleast 10000 small scale industries in the year 2010-2011.
Necessary orders have been issued in this regard to each bank by State Level Bankers Committee (SLBC). Moreover additional guidelines have been issued in SLBC meeting held on September 58. This will provide an opportunity for 10000 individuals to set up small scale industries during the year 2010-2011.
——–Siasat News