Union Minister asks the state to popularise CGFT scheme

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Bangalore, Dec 15(UNI) Union Minister of State for Micro, Small and Medium Enterprises (MSME) Mahavir Prasad today asked the State Governments to popularise the Credit Guarantee Fund Trust Scheme (CGFT) among financial institutions to help first generation entrepreneurs.

Addressing a review meeting with Karnataka government officials here, he said that the Central scheme was practically non-existent and weary few financial institutions are accepting applications in the State.

He said he would urge the Defence and Railway Ministries to increase the procurement of goods produced by micro industries from the present four per cent.

Mr Prasad said that the Centre has stressed the need for self employment generation for SC, ST, economically poor, farmers and women to make them economically independent through various schemes in the rural areas.

The government officials from Khadi and Village Industries Commission, National Small Industries Corporation, Coir Board and MSME.


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