Trade body joins hand with BHEL and bank to encourage entrepreneurship
TIRUCHI: The most momentous occasion in their lives it was when 22 youths, erstwhile labourers of fabrication units, received vendor registration certificates in their capacity as entrepreneurs from the hands of the Executive Director of BHEL, Tiruchi, R.N. Misra, on Thursday.
Propelled that they were by the motivation and guidance provided by the Tiruchi District Tiny and Small Scale Industries’ Association (TIDITSSIA), it did not take long for them to identify entrepreneurial acumen in them. TIDITSSIA had, under the aegis of its Science and Technology Entrepreneurship Development (STED) initiative, tied up with BHEL to promote these entrepreneurs with assistance from Canara Bank, dovetailing the Khadi Village and Industries Commission scheme. These entrepreneurs only had to invest five per cent of the capital requirement and are entitled to 30 per cent capital subsidy.
Mathivanan, for instance, stood dazed, but elated, at the sudden surge in his stature. He was lost for words. Profusely thanking the TIDITSSIA, Canara Bank and BHEL for making the transformation happen in his life, he assured to deliver quality products in time. So was the thankfulness of the rest, who had come with their family members to etch the occasion in their memories for the rest of their lives.
Mr. Misra wanted the youth to realise their responsibilities with a social perspective. He advised them to care for employees’ welfare; create an environment of trust in the workplace; manage funds effectively; meet delivery schedules promptly; and keep innovating. Referring to the country’s focus on the power sector in the XI plan period to sustain the growth rate, Mr. Misra was optimistic about the country’s potential to emerge as the manufacturing hub.
Terming TIDITSSIA as an one-stop shop for starting industries, its president S. Sridharan informed that the association had already approached the Small Industries Development Corporation (SIDCO) for provision of space in the proposed industrial cluster at Kumbakudi in the district to house the machine shop units and create common facilities. The activities of the units could then be integrated for establishing a line of manufacture, he said, responding to a suggestion made by the General Manager-Outsourcing, BHEL, A. Chandra Babu.
The Deputy General Manager of Canara Bank, Tiruchi, S. Nagarajan, said that the SSI sector accounted for a major contribution to Gross Domestic Product, assuring the bank’s sustained support for micro-enterprises. The Executive Director of TREC-STEP, R.M.P. Jawahar, said that TIDITSSIA was poised to be ranked first among the country’s 40 agencies in execution of the STED project of the Department of Science and Technology.
C. Ramaswamy Desai, project Director, TIDITSSIA-STED; S. Abdul Rasheed, Secretary; and G. Shankar, Vice-President, offered felicitations.