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I International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456nternational Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101

development activities; developing new products & development activities; developing new products & the state level, region Industrial Centres was setup the state level, region Industrial Centres was setup
designs; and marketing of coir and coir goods in India designs; and marketing of coir and coir goods in India throughout the state. Over a period of time, with throughout the state. Over a period of time, with
and and abroad. abroad. It It also also promotes promotes coco-operative liberalization, government policy has moved from liberalization, government policy has moved from
organizations amongst producers of husks, coir fibre, producers of husks, coir fibre, protective measures to infusing progress andprotective measures to infusing progress and
coir yarn and manufacturer of coir products, ensuring r yarn and manufacturer of coir products, ensuring competitiveness in the sector. Supportive events competitiveness in the sector. Supportive events
remunerative returns to producers and manufacturers. remunerative returns to producers and manufacturers. focused on infrastructure increase, technology and focused on infrastructure increase, technology and
The Board has promoted two research The Board has promoted two research institutes fineness.
namely; Central Coir Research Institute (CCRI), namely; Central Coir Research Institute (CCRI),
Kalavoor, Alleppey and Central association of Coir Kalavoor, Alleppey and Central association of Coir Finance
skill (CICT), Bangalore for responsibility research for responsibility research The Government has initiated several measures to The Government has initiated several measures to
actions on dissimilar aspect of coir manufacturing.of coir manufacturing. f facilitate easy access of funds to MSME sector. One acilitate easy access of funds to MSME sector. One
such initiative is priority sectouch initiative is priority sector lending. For public
s
and private sector banks, 40 per cent of the Net Bank nd private sector banks, 40 per cent of the Net Bank
State Government support for MSMEs State Government support for MSMEs a
The primary responsibility of promotion and maturity The primary responsibility of promotion and maturity Credit (NBC) is earmarked for the priority sector. Credit (NBC) is earmarked for the priority sector.
of MSMEs is of the state Governments. However, the of MSMEs is of the state Governments. However, the Credit to MSMEs is from side to side the priority Credit to MSMEs is from side to side the priority
GoI, supplements the efforts of the State Governments GoI, supplements the efforts of the State Governments sector lending policy of the bank. For the foreign sector lending policy of the bank. For the foreign
through a variety of initiatives. The role of the through a variety of initiatives. The role of the banks, 35 per cent is for main concern sector of which in concern sector of which
Ministry of MSME and its organizations is to assMinistry of MSME and its organizations is to assist 10 per cent is reserved for MSMEs. Any shortfall in 10 per cent is reserved for MSMEs. Any shortfall in
the the states states in in their their efforts efforts to to encourage encourage lending by foreign banks has to be deposited in Small lending by foreign banks has to be deposited in Small
entrepreneurship, services and livelihood opportunity entrepreneurship, services and livelihood opportunity Enterprise growth Fund (SEDF) setup by SIDBI. The Enterprise growth Fund (SEDF) setup by SIDBI. The
and perk up the competitiveness of MSMEs in the and perk up the competitiveness of MSMEs in the Government has also announce policy package for Government has also announce policy package for
changed economic situation. State Government changed economic situation. State Government stepping up credit to small and medium enterprises ll and medium enterprises
executes similar promotional and developmental executes similar promotional and developmental with the objective of repetition the credit stream to the with the objective of repetition the credit stream to the
projects/schemes and provide a number of behind and provide a number of behind sector in the next five years. In recent years, the sector sector in the next five years. In recent years, the sector
incentives for growth and promotion of MSME sector incentives for growth and promotion of MSME sector has shown interest in alternative sources of funding has shown interest in alternative sources of funding
in their own states. These are executed from side to in their own states. These are executed from side to such as primary/secondary securities market, venture such as primary/secondary securities market, venture
side State Directorate of industry, who have District side State Directorate of industry, who have District capital and private equity, outside commercial and private equity, outside commercial
Industries Centres (DICs) under them to realize (DICs) under them to realize borrowings, factoring services etc. Efforts are being borrowings, factoring services etc. Efforts are being
central/state level schemes (www.dcmmsme.gov.in). schemes (www.dcmmsme.gov.in). put for Limited Liability CompanyCompany Act to provide
Apart from profitable banks, at state height, State Apart from profitable banks, at state height, State thrust to MSMEs in their move towards thrust to MSMEs in their move towards
Financial Corporation’s (SFC) and twin function State Financial Corporation’s (SFC) and twin function State corporatization. The management has introduced a corporatization. The management has introduced a
Industrial growth Corporations are the major sources Industrial growth Corporations are the major sources Credit Guarantee Scheme whCredit Guarantee Scheme which provides collateral
f
of long air money to MSMEs. free credit ability by eligible lending organization to ree credit ability by eligible lending organization to
n
new and available MSMEs for loan upto 100 lakh per ew and available MSMEs for loan upto 100 lakh per
Government policies and support measGovernment policies and support measures for borrowing unit.
MSMEs
Since sovereignty, GoI has given importance to the Since sovereignty, GoI has given importance to the Technology
MSME sector, as it creates services opportunities and MSME sector, as it creates services opportunities and To facilitate skill up gradation and quality gradation and quality
facilitates mobilization of secretive sector resources. facilitates mobilization of secretive sector resources. improvement, more than a few measures have been improvement, more than a few measures have been
GoI has taken supportive measures such as condition GoI has taken supportive measures such as condition initiated by the GoI. The Government has set up ten itiated by the GoI. The Government has set up ten
of items for exclusive manufacture by MSMEs, access facture by MSMEs, access state of the art Tool Rooms and state of the art Tool Rooms and preparation enters.
to credit through priority sector lending program for to credit through priority sector lending program for These tool accommodations are These tool accommodations are MSMEs in India
commercial banks, excise exemption, reservation commercial banks, excise exemption, reservation proficient in mould and die creation technology and proficient in mould and die creation technology and
under Government acquire program and 15 per cent under Government acquire program and 15 per cent abreast with latest technology such as CAD/CAM, abreast with latest technology such as CAD/CAM,
price preferences in purchases, infrastructure price preferences in purchases, infrastructure CNC machining for tooling, void Heat Treatment, ning for tooling, void Heat Treatment,
development and establishment of development and establishment of institutes of Rapid Prototyping etc. Tool Rooms offer guidance Rapid Prototyping etc. Tool Rooms offer guidance
consumerist consumerist and and skill skill development. development. MSME MSME programmes on technical skills required for the programmes on technical skills required for the
Development Institutes, formerly recognized as Small Development Institutes, formerly recognized as Small manufacturing sector. The direction has introduce ISO manufacturing sector. The direction has introduce ISO
industry Service organization (SISI), were set up all industry Service organization (SISI), were set up all 9000/14001 Certification Fee Reimbursement Scheme 9000/14001 Certification Fee Reimbursement Scheme
over India to train youths and tool accommodation over India to train youths and tool accommodation and reimburse 75 per cent of the certification fees per cent of the certification fees
were set up with German and Danish assist to were set up with German and Danish assist to give subject to maximum of 75,000. To facilitate
skill preparation and provide technical assistance. At skill preparation and provide technical assistance. At replacement of old equipment with new ones, replacement of old equipment with new ones,

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