Encouragement for small industries in Udupi district
MLA prefers direct concession for subsidy
Manipal: Minister for Medical Education V.S. Acharya said on Saturday that the Government was giving priority to provide subsidy to small industrialists who had availed loans.
He was speaking at a function to distribute cheques to women entrepreneurs by the department of Industry and Commerce, District Industries Centre and Udupi District Small Industries Association, here.
Dr. Acharya said a subsidy of Rs. 7.13 crore was yet to be released by the Government to small entrepreneurs who had availed loans. The Government was giving importance to home and food processing industries. The new industrial policy of the Government aimed at providing concession to entrepreneurs with regard to registration, conversion of land, and stamp duty, he added.
In his budget speech, Deputy Chief Minister B.S. Yediyurappa had made it clear that interest on industrial loans to the tune of Rs. 10 lakh would be waived. Priority would be given to the promotion of automobile and readymade garment industries in Udupi district. The progress of small scale industries in the district was lackadaisical, Dr. Acharya said.
MLA K. Jayaprakash Hegde urged the Government to extend direct concessions to small industries instead of subsidy. This will put an end to the tendency of starting small industries just for getting subsidies. Though the single window system had been started by the Government, it was not of much use to small industrialists, he said.
Industrialists were suffering because of bureaucratic interference. If present laws relating to acquisition of land were not amended, it would affect tourism industry as it was difficult for it to purchase land, Mr. Hegde said.
Joint Director of District Industries Centre G. Narayanaraju welcomed the gathering.
MLA K. Raghupati Bhat presided over the function. President of Udupi District Small Industries Association D. Sridhar Shenva; assistant general manager of Karnataka State Finance Corporation Subaraya Aithal, and Lead District Manager G. Premanath, were present.