September 18, 2014 9:46:08 am
Industrialists in Punjab are upset because they will not get any subsidy for setting up stalls in exhibitions for promotion of their products this year.
The National Small Industries Corporation (NSIC) — a central government department — has released a communication that the budget for the general category for this financial year has been used up, and only industrialists in the SC/ST category or from Northeastern states can apply.
Badish Jindal, president of Federation of Small Industries Association of India, said, “It is the same story every year — the budget gets exhausted by July or August. Either the budget should be increased or funds from the SC/ST and Northeast quota should be transferred to the general quota.”
The state’s industrialists have decided to go to Delhi to demand that all states be given equal benefit and the budget be enhanced considerably.
The first exhibition to be organised by Punjab industrialists this year is on September 27-28 by the Fasteners Manufacturers Association.
They have been told that they cannot avail of any subsidy.
Surinder Brar, MD of ENN EX Media Private Limited who has made all arrangements for the exhibition in Ahmedabad, said,” I cannot bear the losses as the participants will not pay more money.”
Narinder Bhamra, president of Fasteners Association, said, “Representatives all the industrial associations of the state will be meeting the CMD of NSIC to ask why the funds have been used up so fast. In Punjab, none of the exhibitors has availed of the benefit because our first exhibition is in September.”
About Rs 20 crore had been earmarked for subsidy to set up stalls in industrial exhibitions, of which Rs 4 crore was for SC/ST and Northeast industrialists. As per NSIC guidelines, 60 per cent refund is given for stalls in the general category (size specified by NSIC), 95 per cent for women entrepreneurs running micro units and 85 for women entrepreneurs running small scale units.
When The Indian Express contacted Rajesh Jain, district head of NSIC, he said that as of now funds are available in the SC/ST and Northeast industrialists category and for the rest, funds had been exhausted.
It was learnt that exhibitors from the south and Gujarat had availed of benefits by getting their exhibition details submitted six months in advance. This was not done by Punjab industrialists as their stalls are normally booked a few weeks before the exhibition.
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