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Industries in Kerala

January 20, 2023

Top 5 Industrial Support Schemes In Kerala



Top 5 Industrial Support Schemes In Kerala

Industries in Kerala

Kerala, known for its picturesque landscapes and rich culture, is also home to a rapidly growing industrial sector. The state government has implemented several industrial support schemes to encourage and promote industries in Kerala.

Small scale industries play a vital role in the economy of industrial Kerala. They are a major source of employment, particularly in rural areas, and contribute to the state’s overall economic development. Additionally, small scale industries are often more flexible and adaptable than large corporations, which enables them to quickly respond to changes in market conditions and customer demand. In this blog post, we will be discussing the top 5 industrial support schemes in Kerala.

  1. Entrepreneur Support Scheme (ESS)

Entrepreneur Support Scheme offered by the Directorate of Industries and Commerce is a scheme aimed at providing support and assistance to entrepreneurs in industrial kerala. The scheme provides financial assistance to entrepreneurs for setting up new industrial units and expanding existing ones. It also provides technical and management consultancy services to help entrepreneurs navigate the various regulations and procedures required for setting up industries in Kerala. Additionally, the scheme provides training and capacity building programs for entrepreneurs and industrial workers to improve their skills and knowledge. 

Overall, the Entrepreneur Support Scheme (ESS) plays a vital role in promoting and encouraging industrial growth in the state, by providing the necessary support and assistance to entrepreneurs to set up and expand their businesses in the state.

     2.  Scheme for Interest Subvention to Nano & Household Enterprises

Scheme for Interest Subvention to Nano & Household Enterprises in Kerala is a scheme aimed at providing financial assistance to small and micro-enterprises in the industrial Kerala. The scheme provides interest subvention on bank loans for setting up new industrial units and expanding existing ones, specifically for the Nano and Household enterprises. The scheme is intended to help these small and micro-enterprises to overcome the financial challenges they face while setting up or expanding their businesses. It is especially beneficial for entrepreneurs who have limited access to credit and helps them to access the necessary funds to grow their businesses. The scheme helps to boost the industries in Kerala by providing the necessary financial support to small and micro-enterprises, encouraging and promoting their growth and development.

    3. PM Formalisation Of Micro Food Processing Enterprises (PM FME)

PM Formalisation of Micro Food Processing Enterprises (PM FME) is a scheme aimed at promoting the growth of Micro Food Processing Enterprises (MFMEs) in the state of Kerala. This is a Central Government scheme under the Ministry of Food Processing Industries(MoFPI). The scheme focuses on providing support to MFMEs by way of increasing their access to credit, technology, and markets. This aims to formalize these MFMEs and provide them with necessary support to improve their competitiveness in the market. This scheme also focuses on providing training and capacity building programs for entrepreneurs and industrial workers to improve their skills and knowledge.

The PM Formalisation of Micro Food Processing Enterprises (PM FME) scheme plays a vital role in promoting and encouraging the growth of MFMEs in industrial Kerala, by providing the necessary support and assistance to entrepreneurs to set up and expand their businesses in the state. It also helps to improve the competitiveness of MFMEs in the market, thus boosting the industry of Kerala.

     4. Prime Minister’s Employment Generation Programme (PMEGP)

The Prime Minister’s Employment Generation Programme (PMEGP) is a scheme aimed at promoting entrepreneurship and generating employment in industrial Kerala. This is a Central Government scheme under the Ministry of Micro, Small and Medium Enterprises (MSME). The scheme provides financial assistance for setting up new micro-enterprises, as well as for expansion and modernization of existing micro-enterprises. This also provides training and capacity building programs for entrepreneurs and industrial workers to improve their skills and knowledge. 

The PMEGP scheme intends to create employment opportunities and generate self-employment in the state, thus promoting industrial growth and development. It also helps to promote entrepreneurship and small business development in the state, which is vital for the overall economic growth of the industries in Kerala. The Prime Minister’s Employment Generation Programme (PMEGP) plays a significant role in promoting and encouraging industrial growth and development in the state of Kerala by providing the necessary support and assistance to entrepreneurs and micro-enterprises.

     5. Industrial Promotional Programmes

The Directorate of Industries and Commerce offers the Industrial Promotional Programmes, which aims to promote and encourage industrial growth and development in industrial Kerala. The scheme provides various incentives and benefits to industries in Kerala, including financial assistance for setting up new industrial units and expanding existing ones. The scheme also provides subsidies and tax exemptions to eligible industrial units to promote their growth and competitiveness in the market. 

Additionally, the scheme provides training and capacity building programs for entrepreneurs and industrial workers to improve their skills and knowledge. The Industrial Promotional Programmes scheme helps to improve the infrastructure and facilities available to industries in Kerala, such as by providing assistance for the construction of factory buildings and the purchase of land. 

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In addition, Powertek Enterprise also offers training and technical support for their customers, ensuring that they can fully utilize the machines and achieve optimal results. Overall, Powertek Enterprise is a reliable and trustworthy provider of industrial manufacturing machines for entrepreneurs looking to take their businesses to the next level.

Conclusion

In conclusion, the Directorate of Industries and Commerce in Kerala offers several industrial support schemes to encourage and promote industrial growth in the state. These schemes have played a vital role in the development of the industries in Kerala. They aimed to help industries and entrepreneurs to grow and thrive in industrial Kerala. 

Small-scale industries are essential for maintaining a balance of economic development across the state, particularly in areas that might otherwise be left behind by larger industries. They also help to reduce regional disparities and promote inclusive growth. These schemes provide necessary support and assistance for setting up new industries and expanding existing industries. It also provides the necessary guidance and support for entrepreneurs to navigate the various regulations and procedures required for setting up an industrial unit in the state.

 

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