Jaitley launches two initiative of MSME ministry

Speed Post News Network

New Delhi:  Union Finance & Corporate Affairs minister Arun Jaitley on Thursday launched two important initiatives of the ministry of MSME :  MSME Databank Portal and Online Finance Facilitation Web Portal,  on the sidelines of  14th meeting of the National Board of MSME at Vigyan Bhawan. Union minister for MSME Kalraj Mishra,  Giriraj Singh and Haribhai Parthibhai Chaudhary, both minister of state for MSME were present on the occasion.

Mishra said that his ministry of MSME is making online Census of the MSMEs in the country for the first time by launching a comprehensive databank on http://www.msmedatabank.in This will not only save the efforts and money required for physical census but will also enable the MSME units and the various associations to furnish data on click of the button sitting in their units. He stated the objective of the databank is to have one-stop source of information of MSMEs of India including their credit and technology, requirement in terms of raw material and marketing etc. A decision has also been taken that no grant or subsidy will be given to any MSMEs unless the data is captured on the MSME Databank, he said.

Jaitley, according to PIB sources, appreciated the efforts of Kalraj Minister in taking various initiatives towards ease of doing business. He also appreciated that the main scheme of the ministry, Prime Ministers Employment Guarantee Programme, has also been brought online.