Ahmedabad: Gujarat-based MSME units, which participate in different exhibitions, are facing difficulties in getting subsidy under the market development assistance (MDA) policy.
The district industries centres (DICs) process the applications submitted by MSMEshowever the grant amounts often fall significantly short of the requested subsidies. The GCCI has also raised the issue with the state government.
In a letter to the industries department recently, the Gujarat Chamber of Commerce and Industry demanded that the assistance should be given in time.
A senior member of the GCCI said, “We have received representations from our member units regarding the subsidy allocation for exhibitions under the MDA policy.
The grant amounts often fall short. This has persisted for the past two years, causing distress among MSMEs and the DICs.”
“During the October-December 2022 quarter, various DICs submitted requests for Rs 11.31 crore in subsidies. However, only Rs 4.37 crore has been granted. As a result, DICs have increasingly been reluctant to process claims, leading to a backlog,” he added.
Gujarat-based chemicals, textiles, plastics, engineering sector companies participate in various national and international exhibitions and get significant orders. The industry has been demanding a review of the subsidy-allocation process under the MDA policy.
We also published the following articles recently
The district industries centres (DICs) process the applications submitted by MSMEshowever the grant amounts often fall significantly short of the requested subsidies. The GCCI has also raised the issue with the state government.
In a letter to the industries department recently, the Gujarat Chamber of Commerce and Industry demanded that the assistance should be given in time.
A senior member of the GCCI said, “We have received representations from our member units regarding the subsidy allocation for exhibitions under the MDA policy.
The grant amounts often fall short. This has persisted for the past two years, causing distress among MSMEs and the DICs.”
“During the October-December 2022 quarter, various DICs submitted requests for Rs 11.31 crore in subsidies. However, only Rs 4.37 crore has been granted. As a result, DICs have increasingly been reluctant to process claims, leading to a backlog,” he added.
Gujarat-based chemicals, textiles, plastics, engineering sector companies participate in various national and international exhibitions and get significant orders. The industry has been demanding a review of the subsidy-allocation process under the MDA policy.
We also published the following articles recently
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Filmmaker Vidhu Vinod Chopra’s 12th Fail is a stellar hit at the box office. Vikrant Massey confirms that 12th Fail is submitted for Oscars as an independent nomination. During his appearance on Sahitya AajTak 2023, Vikrant discusses his journey in the film industry, starting at 15 years old. He gained recognition for his role in Qubool Hai and caught attention with Permanent Roommates. Vikrant has also appeared in web series like Bang Baaja Baaraat and Mirzapur. Additionally, he has played supporting roles in Bollywood films Lootera, Dil Dhadakne Do, and Chhapaak.
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