Minister P. Rajiv: 88,217 Enterprises Started Within Seven Months: Industry, Commerce and Law Department Minister P. Rajeev said. He was speaking while inaugurating the ‘Meet the Minister’ program organized at Kalpatta Indriya Auditorium. 2022 – 23 is receiving good support after it is declared as the Entrepreneurial Year.
This change comes at a point where the state averages about 10,000 registrations per year. 5458.89 crores were also invested during this period. It was also possible to provide employment to 1,92,561 people. The minister said that if local institutions and banks provide support, Kerala will become a paradise for entrepreneurs. Financial institutions including banks should show more confidence in lending to entrepreneurs. The loan-to-deposit ratio is lower in the state than in other states. The minister also said that there should be a change in this regard.
The Meet the Minister program aims to strengthen the existing industry-friendly environment. A statutory grievance redressal mechanism has been set up in the state to report difficulties to entrepreneurs. Grievances related to investment projects up to Rs 5 crore will be redressed by the district-level committee. The above and the appeal will be considered by the state-level committee. The concerned officer is bound to implement the decision within thirty days. Otherwise, there is a provision to levy fines on officials.
Kerala is emerging as an investor-friendly state. The government is trying to make use of online facilities to speed up the implementation of the needs of the entrepreneurs. Some officials are seen adopting the practice of calling entrepreneurs who apply online to their offices. The minister said that it is not a promising step. The minister said that MSME clinics have been started at the district level to overcome the difficulties faced by entrepreneurs.
The Department of Industry and Commerce is moving ahead with reforms such as licensing, simple and transparent provision of economic benefits in infrastructure development as part of ease of doing business and promoting industrial investment. Kerala managed to improve thirteen positions in a year in the survey related to business-friendly states. The Minister said that this is proof of increased confidence in the entrepreneurial community.
The minister said that the government has started efforts to sell products under the Kerala brand. An e-commerce portal will be set up to sell products manufactured in Kerala. The Minister said that the matter of starting a chain of supermarkets for product distribution is also under consideration.
Director of Industry and Commerce Department S. Harikishore, Sub Collector R. Srilakshmi, Kinfra MD Santhosh Koshy, KSIDC General Manager G. Ashok Lal, Industry and Commerce Department Joint Director CS. Simi, ADM NI Shaju, District Industries Center General Manager Lisiamma Samuel, officials of various departments, and others were present.