Following the lines of the state's 'Vision 2023' document released last week, the Tamil Nadu budget has emphasised that the state economy would improve with more Micro, Small and Medium Enterprises (MSME), higher skilled labour and a push for entrepreneurship.
Tamil Nadu, which has the highest number of MSMEs in India, will equip all District Industries Centres in the 32 districts with better infrastructure at a cost of 50 crore. These centres can then serve as a hub to promote MSME units.
"We expected multi-storied complexes in Guindy, Ambattur for MSMEs in the budget and a policy allocating 30% space for small industries in SIPCOT. But we are disappointed that it was not done," said K Gopalakrishnan, past honorary general secretary, Tamil Nadu Small and Tiny Industries Association. "However, infrastructure improvements will be a boost for us."
The government has also decided to train nearly 1,000 entrepreneurs under a new scheme. The 'New Entrepreneur-cum-Enterprise Development Scheme' (NEEDS) will help educated youngsters draw up business plans and tie up with financial institutions for their ventures. At least half the beneficiaries of this scheme will be women.........Read More
Source: Times of India