Arvind Kumar, Principal Secretary, Industries & Commerce, met Union Minister for Micro, Small and Medium Enterprises Kalraj Mishra at the National Institute of Micro Small and Medium Enterprises office today and briefed him about the Telangana government’s initiative to set up an Industrial Health Clinic to support the sick enterprises in the State.
He also handed over a letter written by the Minister for Industries & Commerce K T Rama Rao towards establishment of Telangana Industrial Health Clinic. The Union Minister responded positively to the State government’s request and assured all possible help from the Central government in this regard.
KTR, in his letter, mentioned that having launched a progressive industrial policy, the Telangana State would also like to build industrial ecosystem akin to developed countries. He said the State had to contend with certain legacy issues after the formation of the State, one of them being, large scale sickness in the MSME sector coupled with lack of interest in revival and rehabilitation of MSEs in particular from the commercial banks.
The Minister stated that the Telangana government believes in the philosophy of prevention is better than cure and as such would like to set up Industrial Health Clinic for MSEs under the Telangana Industrial Development Corporation to diagnose, aid, facilitate and support the incipient sick and sick enterprises and to supplement the efforts of the Banks/Financial Institutions through a dedicated corpus fund with active stakeholder participation.
Explaining the salient features of the proposed Industrial Health Clinic, the minister said it was proposed to set up a corpus fund with Rs 100 crore with the State’s participation Rs 40 crore from Industrial Associations and stake Holders and the rest of Rs 50 crore is requested from the Government of India as its contribution as one time grant support.
K T Rama Rao also requested the Union minister to help sanction Rs 50 crore as grant to meet corpus fund for establishing Telangana Industrial Health Clinic so as to enable to resolve the sickness and incipient sickness of MSMEs in the State. (NSS)