Nobel laureate Muhammad Yunus to help Maharashtra in reviving MSMEs

On a special invitation extended by the State government, the Grameen Bank founder will hold a discussion with top Ministers and bureaucrats on September 6.

Social entrepreneur and Nobel Peace Prize winner Muhammad Yunus of Bangladesh will guide Maharashtra on microfinance and how to revive dying Micro, Small and Medium Enterprises (MSMEs) in the State.

On a special invitation extended by the State government, Mr. Yunus — the founder of Grameen Bank — will hold a discussion with top ministers and bureaucrats on September 6.

Apart from sharing his experience , he is also expected to discuss the government’s thrust on a road-map for future development of the MSME sector in the State.

At present, the State is suffering from the closure of high number of small scale industries. Out of the total number of 2.54 lakh, around 30,549 units are closed for various reasons, ranging from lack of finance to unavailability of skilled labour.

“We have been annually allotting money for this sector in every budget. Despite that, the small scale industry is facing a number of problems. It’s an effort to learn from him and know how he succeeded,” said Finance Minister Sudhir Munguntiwar.

While Mudra Bank will be ensuring capital flow for this industry, the State is also exploring ways to ensure finance to small scale industries through Self Help Groups (SHG). “Mr. Yunus will be the ultimate authority to guide us on this front,” said Mr. Munguntiwar.

Source: The Hindu

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