Only 7% of micro and small manufacturing and service enterprises are provided financial assistance from financial institutions. The rest have borrowed loans from private money lenders and financial institutions by paying abnormal interest and penal interest. This is causing heavy hardship for the development of their industries and they are under the clutches of money lenders and struggling for their existence. In this background, District Industries Centre, Mysuru, Syndicate Bank, Regional Office, Mysuru, micro small and medium enterprises council, Mysuru and Mysore industries association, representative body of Mysuru, Mandya and Chamarajanagara districts industries are jointly organizing awareness programme on CGTMSE, CLCSS, Stand up India and Start up India and Mudra schemes for small scale and medium industries on November 10 at 11 am, at hotel Nityotsava, Chamarajapuram, Mysuru.
The programme will be inaugurated by Atul Kumar, field general manager, Syndicate Bank, corporate office, Bengaluru, presided by MLA Vasu, P Vishwanath, secretary, Vidyavardhaka Educational Institutions, Mysuru, H Ramakrishne Gowda, joint director, District Iindustries Centre, Mysuru, S Rama Rao, deputy general manager, Syndicate Bank, regional office, Mysuru will be the chief guests.
New and existing entrepreneurs hoping to expand their businesd can participate in this programme. Admission is restricted for 100 members with compulsory registration before November 8 at Mysore Industries Association, KIADB, KRS Road, Metagalli, Mysuru.