CONTENTS

Editorial

Credit Guarantee Fund Trust for Small Industries 

Action's Action Acclaimed 

Incentives for Food Processing Industries

Export Credit Guarantee Corporation of India Ltd

Organisation's Growth & Development

Geographical Indications registry - FAQs

Tid Bits

New Products

CHIEF EDITOR: P.H. KURIAN I.A.S.
Secretary & Director of Industries & Commerce

EDITOR
A.J.Abdul Latheef, Deputy Director

SPECIAL CORRESPONDENTS:

Trivandrum: E. Salahudeen (T.S)
(Phone: 2322076); E-mail : dictvm@sancharnet.in

Kollam: C. Dharmarajan (ADIO)
(Phone: 2748395), E-mail : dicqlm@sancharnet.in

Pathanamthitta: D. Rajendran (T.S.- HQ)
(Phone: 2212219), E-mail : dicpta@sancharnet.in

Alappuzha:  N.Manilal, ADIO
(Phone: 2251272), E-mail : dicalp@sancharnet.in

Idukki: G. Vijayakrishnan, Manager
(Phone: 2235507), E-mail : dicidk@sancharnet.in

Kottayam: P.S.Suresh Kumar, (TS) 
(Phone: 2573259), E-mail : dicktm@sancharnet.in

Ernakulam: Smt. V.B.Prasanna Kumari,(ADIO HQ)
(Phone: 2323021), E-mail : dicekm@md5.vsnl.net.in.

Thrissur: K.S. Pradeep Kumar (ADIO, HQ)
(Phone: 2361945), E-mail : dictcr@sancharnet.in

Palakkad: K.N. Krishnakumar (ADIO)
(Phone: 2527285), E-mail : dicpgt@sancharnet.in

Malappuram: Abdul Vahab, (Tech. Supervisor)
(Phone: 2734895), E-mail : dicmlp@sancharnet.in

Kozhikode: Ajayakumar, (Manager)
(Phone: 2766035), E-mail : dicclt@sancharnet.in

Wayanad: Simon Zacherias, (TS)
(Phone: 2602485), E-mail : dicwyn@sancharnet.in

Kannur: C.Jayamohan, ADIO
(Phone: 2707522), E-mail : dicknr@sancharnet.in

Kasaragod: M. Shanawas (IEO)
(Phone: 4256090, E-mail : dickgd@sancharnet.in

Library Assistance : V.Kanakamma, S.Mohan Raj

Administrative Assistance
G. M.Nirmal Jayan l   Manoharan l l K. Kamalamma  l Santhoshl Balakrishnan lSuseela

Editorial Advisory Board
N.K. Mohanan
Additional Director of Industries & Commerce

V. Rajagopal,General Manager, K.BIP

Ramesh B, Manager, K.BIP

Editorial & Administrative Office
Documentation Centre,
Directorate of Industries & Commerce
DIC Building, Water Works Compound, Vellayambalam, Thiruvananthapuram-695033
Phone: 0471-2322789, E-mail: dindust@md5.vsnl.net.in

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Editorial

Adequate and timely credit are the main pillars in SME financing. The success of any independent venture in Small Scale Industry sector and in Medium enterprises sector mainly depends on the financial stability of the promoters and pro attitude of financial institutions. Sufficient or surplus funds in the possession of promoters will pave way for pondering better investment opportunities and if so confidence of the promoters will be in high pitch in implementation of SME projects. Role of institutions established for SME financing, and banks are vital in pumping adequate funds to the credit seekers thereby converting their noval ideas into real working projects. Crunch of funds or hindrance in proximity to it may drain enthusiasm of entrepreneurs.

The implementation period of SME Projects will be shortened by timely financing. The burden on pre-operative expenses will be less and time for conversion of fixed investment into income generation operations will also be reduced. The issue of collateral security for credit are always a major problem area in SME financing. Both investors and financial institutions are finding it as a tough question to answer.

The Credit Guarantee Fund Trust for Small Industries (CGTSI) set up by the Ministry of SSI-GOI and SIDBI, is gradually emerging as an important mechanism to assist SSI/tiny units and new entrepreneurs in accessing credit facilities without collateral security and third party guarantee. The new initiatives of CGTSI will enable entrepreneurs, Small enterprises to move forward with business decisions.

An article on Credit Guarantee Fund Trust is included in this issue -will enlighten more information in this line. The article on Export Credit Guarantee Corporations schemes will be beneficial to the entrepreneurs for mindsetting their export dreams. The regular features like District Round up, Success Stories, Cluster Development News, E.D. Clubs News etc. are also included in this issue.

With the best wishes

 

P.H. KURIAN IAS
Chief Editor,
 Secretary & Director of Industries and Commerce

 

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