Only 7 per cent of the micro small and medium enterprises (MSME) are funded by banks and the rest (93 per cent) operate through private finance, said Suresh Kumar Jain, General Secretary Mysore Industries Association.

Addressing international delegates, who are visiting Mysore as part of the National Institute of Micro Small and Medium Enterprises, Jain explained the activities and role of MIA in disseminating the policy and schemes of both the Centre and State governments. “Due to lack of bank finance, MIA has been urging the RBI to enhance availability of finance to MSMEs,” he added.

Empowerment event

Delegates from 21 developing countries representing ministries, promotional organisations are on a eight-week study through an international programme on empowerment of woman through enterprises and SME financing — approach and strategies from November 10 to January 2, 2015.

The delegates numbering 38 represent Mauritius, Vietnam, Cambodia, Sudan, Tajikistan, Tanzania, Ghana, Zimbabwe, Uganda, Ethiopia, Myanmar, Bangladesh, Malawi, Botswana, Madagascar, Sri Lanka, Kenya, Niger, Malaysia, Indonesia and Afghanistan. The delegates are taken around the country by Dr Rani Kadiyala and Prof T Venkateshvara Reddy, Programme Directors, NI-MSME, Hyderabad.

At Mysuru, women entrepreneur AP Lalitha ESSEL Mechanical Engineering, and Shanthi B Ravi of Ugama Enterprises interacted and answered the queries.

The delegates later visited Ugama Enterprises, potassium nitrate manufacturer and export unit and KT Precast of Hebbal Industrial Area led by R Puttaswamy, BA Sujaya Kumar and Purushotham.

P Vishvanath, President, MIA, explained the role of association in the development of industries and grievances redressal and promotion of various government schemes for encouraging and developing small scale industries in India.

Satyendra OD, Vice-President, MIA, spoke about the importance of MSME funding and the role of medium and large industries in the promotion of MSMEs.

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