BANGALORE: Asserting that the Global Investors Meet (GIM) 2010 which garnered over Rs 5 lakh crore would strengthen medium and small enterprises (MSE), the Karnataka Small Scale Industries Association (KASSIA) President N Raikar said that approval of the National Manufacturing Policy by the Union government would further propel this effort.Speaking at a national conference on CGMSTE, NSIC and SIDBI schemes, he said, “Amidst such hospitable environment, the MSE sector, government and institutions have brought out a set of schemes which will provide valuable inputs to accelerate the production.” He added that the conference would provide information on procedural aspects, contents and utilities in a vivid manner from the key persons who are the originators or implementing authorities on the scheme.U R Tata, CEO of CGMSTE (Mumbai), said that the benefit of such schemes would be realised by the end user, MSE sector, which will get a boost. He said that the CGMSTE and similar institutions were established to ensure loans without guarantee and negate the collateral requirements. He added that the CGMSTE had a corpus of Rs 2500 crore, of which 80 per cent would be provided by the government, and the 20 per cent by the SIDBI.
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