PHDCCI interactive video conference on revival of MSMEs through easy flow of credit, expeditious recovery of dues and creation of market in Rajasthan

New Delhi: PHDCCI-Rajasthan State Chapter organized an Interactive Video Conference on “Revival of MSMEs through Easy Flow of Credit, Expeditious Recovery of Dues and Creation of Market in Rajasthan”. The conference focused on development and growth of MSME sector in Rajasthan especially during post COVID-19 scenario.

Welcoming the distinguished participants and eminent speakers Shri Digvijay Dhabriya, Chairman, PHDCCI-Rajasthan Chapter informed that a robust policy framework is in place in the State of Rajasthan for development and growth of MSMEs. However delay in availability of finance and credit, timely payment of dues and adjudication of pending dues and creation of market from Government and private sector are sensitive issues for MSMEs, especially post COVID-19 scenario. Shri Dhabriya suggested that Government should ensure time bound disposal of adjudication of dues and consider outsourcing this activity appropriately as per the Act to reduce the pendency of cases. PHD Chamber would be willing to discharge this responsibility as per mutual understanding, he said.

Delivering the Special address Shri Sandeep Aggarwal, Chairman, Industry Affairs Committee, PHDCCI appreciated the theme of the webinar, which he said, was a very apt in today’s circumstances, when MSME sector is passing through a tough time. He placed on record his appreciation for the robust policy framework of Government of Rajasthan for the development of MSME sector in the State. He thanked Government of Rajasthan for increasing number of Facilitation Councils in Rajasthan for expeditious adjudication of long pending dues. He suggested that on the lines of Government of India’s announcement of rationalizing provisions of Performance Bank Guarantee (PBG) and EMD the Government of Rajasthan should also come out with its policy on PBG & EMD for MSMEs and suggested that EMD should be done away with for Micro and Small units. He also emphasized the need to reduce the gap between the policy framework of adjudication process and what is actually being happening at present.
 
Delivering the keynote address, the Chief Guest Smt. Archana Singh, IAS, Commissioner, Industries & BIP, Government of Rajasthan gave a detailed account of various developmental and welfare schemes of Government of Rajasthan for the sustainable development of MSME sector in the State especially in post COVID scenario. She informed that numbers of Facilitation Councils have been increased and a dedicated senior level officer has been appointed to oversee this matter. As a result the number of disposed cases have significantly increased in last few months. She also informed that the implementation of MLUPY has been speeded up as a result of which more than 3000 MSMEs have been benefitted in recent past. She said that the existing MSME policy of Rajasthan is expiring in March-21 and the process of preparing new policy is under way. She sought suggestions of MSMEs and Industry Chambers so that same could be incorporated after proper consultative process.
 
Shri Saket Dalmia, Vice President, PHDCCI in his special address thanked Smt. Archana Singh for sharing policy initiatives on MSMEs during the webinar and the appreciable work done by the Industries Department during COVID period in addressing the settlement of cases under adjudication and giving benefit under MLUPY to MSMEs besides other initiatives for the benefit of MSMEs.
 
MSME Expert & Advocate Shri Abhishek Shivpuri in his address gave a detailed presentation on the various procedure and provisions pertaining to adjudication of dues of MSMEs as contained in the MSME Act. He expressed need to evolve a institutional mechanism for periodic review of list of Reserved items for MSMEs.
 
Shri Pawan Arora, AGM, State Bank of India shared the details of various schemes of bank for MSME sector in meeting their credit requirements. He also informed that SBI has started the scheme of Digital Sanctioning of Loans based on credit ratings of MSMEs and SBI’s intention to regain leadership position in financing MSMEs in times to come.
 
Shri Sumer Singh Shekhawat, President, Plastic Manufacturer’s Association Rajasthan drew attention of the ambitious Jal Jeevan Mission which will generate huge requirement of pipes and other items which can be supplied by MSMEs in Rajasthan and sought support of Government in this regard.
 
Shri Sunil Bansal, General Secretary, The Rajasthan Solar Association outlined the tremendous opportunities in Solar sector in Rajasthan which will trigger cascading effect on MSMEs in Rajasthan by generating huge business opportunities for them.
 
Proposing a vote of thanks to all the distinguished guests and eminent speakers, Shri Suneel Dutt Goyal, Co-Chairman, PHDCCI-Rajasthan Chapter said that many important issues came up during discussions for the development of MSMEs in the State. He assured that PHD Chamber would be handholding the MSME sector in gainful resolution of the same in association with Industries Department.
 
Dhabriya Polywood Ltd, Plastic Manufacturer’s Association Rajasthan, Ambika Technoplast Pvt Ltd & KSB Pumps Gadia Sales contributed sponsorship support to the webinar. The session was attended by more than 100 stake holders.