KTR seeks Rs 50-cr Central aid for setting up Industrial Health Clinic
Hyderabad:A�Arvind Kumar, Principal Secretary, Industries & Commerce, met Union Minister for Micro, Small and Medium Enterprises Kalraj Mishra at the National Institute of Micro Small and Medium Enterprises office on Tuesday and briefed him on the Telangana Governmenta��s initiative to set up an Industrial Health Clinic to support the sick enterprises in the State.
He also handed over a letter written by the Minister for Industries & Commerce KT Rama Rao for establishment of Telangana Industrial Health Clinic. The Union minister responded positively to the State Governmenta��s request and assured all possible help from the Central Government in this regard.
KTR, in his letter, mentioned that having launched a progressive industrial policy, theA�Telangana StateA�would also like to build industrial ecosystem akin to developed countries. He said the State had to contend with certain legacy issues after the formation of the State, one of them being, large scale sickness in the MSME sector coupled with lack of interest in revival and rehabilitation of MSEs in particular from the commercial banks.
The minister stated that the Telangana Government believes in the philosophy of prevention is better than cure and as such would like to set up Industrial Health Clinic for MSEs under the Telangana Industrial Development Corporation to diagnose, aid, facilitate and support the incipient sick and sick enterprises and to supplement the efforts of the banks/financial institutions through a dedicated corpus fund with active stakeholder participation.
Explaining the salient features of the proposed Industrial Health Clinic, the minister said it was proposed to set up a Rs 100 crore corpus fund with the Statea��s participation; Rs 40 crores from industrial associations and stake holders and the rest of Rs 50 crores is requested from the Government of India as its contribution as one time grant support.
K T R also requested the Union minister to help sanction Rs 50 crores as grant to meet corpus fund for establishing Telangana Industrial Health Clinic to rehabilitate the sick MSMEs in the State.