Entrepreneurs lack info on govt schemes: FKCCI VC

In the wake of the Ministry of Micro, Small and Medium Enterprises (MSME) deciding to implement the ZED Certification Scheme for 22,222 MSME units with a total budget of Rs 491 crore during the 12th Five Year Plan, the MSME Development Institute in association with Mysore Chamber of Commerce and Industries (MCCI) had organised a one-day industry awareness programme on ‘Financial Support to MSMEs in ZED Certification’ at the Institution of Engineers, on Thursday.

Inaugurating the programme, FKCCI Vice President Sudhakar Shetty underscored the significance of the scheme saying it aimed at enhancing global competitiveness of MSMEs by providing financial support.

While there were umpteen schemes initiated by both central and state governments to push the industry sector, unfortunately, the number of takers can be counted on one’s finger, Shetty said, calling upon the entrepreneurs to make the most of schemes meant for them.

“India has around 5.40 crore entrepreneurs and the numbers of registered entrepreneurs is below 10 per cent. It’s a major cause of concern as unregistered entrepreneurs cannot avail any schemes,” he said.

Fear of harassment from the officials during the time of filing returns and other lengthy procedures, Shetty pointed, was understood to be the reason entrepreneurs not coming forward for registration. “That’s not the case. Such assumptions are baseless. Every entrepreneur should register their enterprise thus benefitting from various schemes,” he added.

Shetty further said that there was lack of awareness about government schemes among industrialists. MSME sector was backward as there was no direct participation from the entrepreneurs in awareness programmes.

He called upon youth to invest more time in understanding government schemes meant to encourage entrepreneurs so as to take up entrepreneurship in the future.

Echoing the same sentiments, Director, DIC Mysuru, Ramakrishna Gowda said his department was tirelessly working towards creating awareness about the government schemes. He also felt the need for associations joining hands with the government in order to effectively reach the beneficiaries.

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