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SERVICE ENTERPRISES ALSO ELIGIBLE FOR SUBSIDIES GIVEN TO MSMES

Posted on: 30/Jun/2010 1:34:32 AM

P.Selvam, Additional Chief Secretary, MSME Department announced that  Companies providing services would  also be eligible to receive the subsidies given in the State for Micro, Small and Medium Enterprises (MSME), following a government order to the effect.   

Speaking at a seminar organised by the Hindustan Chamber of Commerce here on Tuesday, Mr. Selvam said the government had found that only Rs.30 crore of subsidies had been availed of by MSMEs in the previous year. This was partly because services companies were left out. To encourage the sector, the government had proposed a target of Rs.100 crore as subsidies and had decided to make services companies also eligible.

S.Sivagnanam, Director, MSME-Development Institute, listed the qualities needed of MSMEs to be competitive. He said the website www.msmedi-chennai.gov.in contained all the information required by entrepreneurs on various programmes of the State and the Union governments.