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New Delhi, Nov 2: Prime Minister Narendra Modi on Friday will launch the Central governments 'Support and Outreach' initiative for Micro, Small and Medium Enterprises (MSMEs) here, an official statement said on Thursday.
On the occasion PM will launch a portal for giving quick loans to MSMEs. The portal will enable in-principle approval for MSME loans up to Rs 1 crore within 59 minutes.Besides Delhi, similar launch programmes will be held at 100 locations across the country, where Union Ministers and Ministers from State governments will be present.
"All these locations will also connect with Delhi, for the main event, which will include a special address by the Prime Minister who is expected to touch upon several matters of vital interest to the MSME sector," said the statement from the Prime Minister's Office.The Centre has accorded high priority to the MSME sector in recent years, it said, adding "this outreach and support programme, which will run for the next 100 days, covering the entire country, is expected to provide even greater synergy to the efforts being made for this sector"."The progress of this programme, to be implemented in mission mode, will be monitored on a continuous basis by senior officials of Union and State governments."Union Ministers Arun Jaitley and Giriraj Singh will be present on the occasion.