The Minister for Micro, Small and Medium Enterprises (MSME) has announced the trial run of the MSME call centre with a toll free no. 1800 180 6763 at a function held in the capital on Tuesday.
"The toll free No. 1800 180 6763 for the MSME call centre is open for trial run from Monday for the help and development of MSME sector. And as soon as we fix the timings of the centre, we will than launch it officially," said Dinsha J. Patel, Minister of State (Independent Charge) for MSME, after his keynote address to the 10th foundation day of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), organized by the Small Industries Development Bank of India (SIDBI).
The minister also expressed hope that the Prime Minister Dr. Manmohan Singh will officially launch this facility, as he got green signal from him.
This is a national-level call-centre, which will provide information to the MSME sector on the single-window concept. The ministry of MSME has modeled this call-centre and named it Udyami Helpline. A single toll-free number, 1800 180 6763, will serve MSMEs across the nation. The government has sanctioned Rs 7.6 crore for the helpline in the XIth Plan.
Claiming it as a big achievement, Secretary, Ministry of MSME, Dinesh Rai told SME Times on the sidelines of the event, "This is an innovative idea of our ministry to disseminate information, help and support a large number of entrepreneurs based in far-removed destinations."
"During the trial run, one can call at this number at any time to seek information. The centre also has recording facility, where MSMEs can record their queries too," Rai added.
While, commending the 10 years of successful operations of CGTMSE, the minister in his address mentioned that the MSME sector is the pillar of the Indian economy. Highlighting the government efforts towards promoting this vibrant sector, he said various measures of the government including setting up of Prime Minister's task force on MSMEs, implementation of the National Manufacturing Competitiveness Programme (NMCP), assures the government's commitment to the development of this sector so as to make it more competitive to meet the emerging challenges both nationally and internationally.
Patel further added that this sector comprising more than 26 million enterprises as per the 4th census of MSMEs, is the second largest employment generator in the country, producing more than 40% of industrial output and nearly one-third of country's exports.
He said the Credit Guarantee Scheme is an important instrument in achievement of the national goal of inclusive growth. The scheme lays special emphasis on under developed and underserved regions like the North East Region, J&K, etc. He complemented the CGTMSE team for working diligently to make MSEs strong and vibrant.
CGTMSE was set up on July 27, 2000 by the government and Small Industries Development Bank of India to provide collateral/ third party guarantee free credit facility (both fund as well as non fund based) extended by Banks/ FIs, to new as well as existing Micro and Small Enterprises, with a maximum credit cap of Rs. 100 lakh under its Credit Guarantee Scheme (CGS).
As on June 30, CGTMSE is catering to 115 Banks/ FIs comprising of 27 Public Sector Banks, 17 Private Sector Banks, 61 Regional Rural Banks, 8 Financial Institutions and two Foreign Banks for availing credit guarantee from the Trust.
The setting up of CGTMSE has brought out a resolution in the banking world as more and more Banks/ FIs have started providing credit to Micro and Small Enterprises. Many of these small enterprises would not have seen the light of the day but for the guarantee support of CGTMSE.
As at June 30, cumulatively, 3,72,403 accounts have been accorded guarantee approval for Rs. 14,801.46 crore, which is estimated to produce turnover of Rs. 70,100 crore, exports of Rs. 3,005 crore and provide employment to 19.07 lakh persons.
The highlight of the function was the release of two books - one tracing the growth and achievements of CGTMSE over the last ten years and the other, 'SIDBI book on MSME Database 2010.'
The top three banks and two regional rural banks having highest coverage under the Credit Guarantee Scheme were felicitated. State Bank of India, Punjab National Bank, Canara Bank, Purvanchal Grameen Bank and Karantaka Vikas Grameen Bank were the recipients of the awards.
The function was also attended by Madhav Lal, (AS &DC) MSME, Rakesh Rewari, DMD, SIDBI and other government officials and officials from the leading banks.
"The toll free No. 1800 180 6763 for the MSME call centre is open for trial run from Monday for the help and development of MSME sector. And as soon as we fix the timings of the centre, we will than launch it officially," said Dinsha J. Patel, Minister of State (Independent Charge) for MSME, after his keynote address to the 10th foundation day of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), organized by the Small Industries Development Bank of India (SIDBI).
The minister also expressed hope that the Prime Minister Dr. Manmohan Singh will officially launch this facility, as he got green signal from him.
This is a national-level call-centre, which will provide information to the MSME sector on the single-window concept. The ministry of MSME has modeled this call-centre and named it Udyami Helpline. A single toll-free number, 1800 180 6763, will serve MSMEs across the nation. The government has sanctioned Rs 7.6 crore for the helpline in the XIth Plan.
Claiming it as a big achievement, Secretary, Ministry of MSME, Dinesh Rai told SME Times on the sidelines of the event, "This is an innovative idea of our ministry to disseminate information, help and support a large number of entrepreneurs based in far-removed destinations."
"During the trial run, one can call at this number at any time to seek information. The centre also has recording facility, where MSMEs can record their queries too," Rai added.
While, commending the 10 years of successful operations of CGTMSE, the minister in his address mentioned that the MSME sector is the pillar of the Indian economy. Highlighting the government efforts towards promoting this vibrant sector, he said various measures of the government including setting up of Prime Minister's task force on MSMEs, implementation of the National Manufacturing Competitiveness Programme (NMCP), assures the government's commitment to the development of this sector so as to make it more competitive to meet the emerging challenges both nationally and internationally.
Patel further added that this sector comprising more than 26 million enterprises as per the 4th census of MSMEs, is the second largest employment generator in the country, producing more than 40% of industrial output and nearly one-third of country's exports.
He said the Credit Guarantee Scheme is an important instrument in achievement of the national goal of inclusive growth. The scheme lays special emphasis on under developed and underserved regions like the North East Region, J&K, etc. He complemented the CGTMSE team for working diligently to make MSEs strong and vibrant.
CGTMSE was set up on July 27, 2000 by the government and Small Industries Development Bank of India to provide collateral/ third party guarantee free credit facility (both fund as well as non fund based) extended by Banks/ FIs, to new as well as existing Micro and Small Enterprises, with a maximum credit cap of Rs. 100 lakh under its Credit Guarantee Scheme (CGS).
As on June 30, CGTMSE is catering to 115 Banks/ FIs comprising of 27 Public Sector Banks, 17 Private Sector Banks, 61 Regional Rural Banks, 8 Financial Institutions and two Foreign Banks for availing credit guarantee from the Trust.
The setting up of CGTMSE has brought out a resolution in the banking world as more and more Banks/ FIs have started providing credit to Micro and Small Enterprises. Many of these small enterprises would not have seen the light of the day but for the guarantee support of CGTMSE.
As at June 30, cumulatively, 3,72,403 accounts have been accorded guarantee approval for Rs. 14,801.46 crore, which is estimated to produce turnover of Rs. 70,100 crore, exports of Rs. 3,005 crore and provide employment to 19.07 lakh persons.
The highlight of the function was the release of two books - one tracing the growth and achievements of CGTMSE over the last ten years and the other, 'SIDBI book on MSME Database 2010.'
The top three banks and two regional rural banks having highest coverage under the Credit Guarantee Scheme were felicitated. State Bank of India, Punjab National Bank, Canara Bank, Purvanchal Grameen Bank and Karantaka Vikas Grameen Bank were the recipients of the awards.
The function was also attended by Madhav Lal, (AS &DC) MSME, Rakesh Rewari, DMD, SIDBI and other government officials and officials from the leading banks.
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