Govt. Keen to Extend Financial Support for Reviving Sick Units: Anup Pujari

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Government is willing to extend help and financial support to people who come up with an idea to revive industrial units that have turned sick, a top MSME Ministry official, Dr. Anup K Pujari, Secretary, Ministry of MSME, Govt of India said.

“If there is a specific idea in your mind and need some financial support to revive sick units, you may come up with a proposal,” said Dr Anup K. Pujari, secretary, MSME Ministry while inaugurating a conference on ‘Profit Re-Engineering,’ organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

“Among the companies who have turned sick, if their business proposition is good but it has not been executed correctly, they may very well revive,” said Dr Pujari.

He also said that the one-page Udyog Aadhaar Memorandum notified by the government which must be filled online by all micro, small and medium enterprises (MSMEs) is getting large response from people.

“There are some people who are criticising us because it is called Udyog Aadhaar, it is an erroneous impression that Aadhaar number is mandatory to get Udyog Aadhaar Memorandum filed,” said Dr Pujari.

“While an Aadhaar number is required because you are filing electronically and we need to validate that, it need not be the Aadhaar number of that entrepreneur or the enterprise because it is given only to an individual,” he added.

“Any incorporated company will have an authorised representative who files for them, we want that person’s Adhaar number, it is to ensure that whatever is being filed is not a ghost filing,” further said Dr Pujari.

“We also have a checking system on that by which we take the bank details and the IFSC code of that, I do think this will simplify ease of doing business,” he said.

Stressing on the need to promote entrepreneurship across India, Dr Pujari said “Today we need, not job seekers but job creators i.e. a person who is going for profit, a successful entrepreneur.”

He also said that industry should focus on carrying out proper research and innovation and produce products with better quality control thereby carrying out business with ethics and these things should be inculcated in budding entrepreneurs.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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