⚡ Key Highlights & Quick Takeaways
- Chandrababu Naidu’s ‘One Family, One Entrepreneur’ slogan. The Minister said that MSMEs contribute about 30% to the country’s GDP and generate over 50% of employment.
- Sudhakar and representatives of Meta, Amazon Global Selling, Walmart Vriddhi, CII – NITI Aayog and various banks participated.
Minister for Micro, Small and Medium Enterprises (MSMEs), Kondapalli Srinivas has called for more women to take up entrepreneurship to ensure an inclusive economy growth at the desired pace.
Participating as the chief guest in an MSME Growth Workshop jointly organised by NTR District Industries Centre (DIC) and and India SME Forum on Wednesday, Mr. Srinivas said the main objective of the conference was to encourage youth, women and Development of Women and Children in Rural Areas (DWCRA) members to become entrepreneurs, in line with the Chief Minister N. Chandrababu Naidu’s ‘One Family, One Entrepreneur’ slogan.
The Minister said that MSMEs contribute about 30% to the country’s GDP and generate over 50% of employment. To promote entrepreneurship, an MSME park was being established in every constituency.
Nineteen such parks have already been launched, while work on the another 138 parks were in progress, he said.
The government has allocated a sum of ₹300 crore under the Chief Minister’s Entrepreneur Programme for the establishment of new industries.
Mr. Srinivas said that the government was providing various incentives to encourage DWCRA women and had reduced rural bank interest rates from 13% to 12%.
Vijayawada East MLA Gadde Rammohan called upon aspiring entrepreneurs to make the most of the capital subsidies being given by the government.
AP MSME Corporation CEO Viswa Manoharan and Executive Director A. Sudhakar and representatives of Meta, Amazon Global Selling, Walmart Vriddhi, CII – NITI Aayog and various banks participated.