Deputy Chief Minister Bhatti Vikramarka Mallu on Monday announced that if youth plans to set up industries, then the State government would get loans sanctioned and provide other required facilities. “The government is sanctioning Rs.20,000 crore interest free loans to women self help groups every year.
They may not have an idea where to invest the amount. Thus, the government itself will help prepare project reports for the proposed industry or business, arrange bank loans and provide marketing facilities to encourage them in the industrial sector. A beginning for this programme has been made in Madhira constituency,” he said Bhatti, who laid the foundation for Yendapalli Industrial Park in Madhira constituency, addressed a meeting on Monday.
Noting that depending on agriculture alone would not be feasible when crises strike, he said along with agriculture, industry and service sectors too should be developed for comprehensive development and to benefit the society. “There are many well educated youth in villages and it is not possible for all to secure jobs. Thus, if those in villages show interest towards setting up industries, the government is ready to extend all kinds of encouragement.
This will also be good for the future of the nation,” he explained. Bhatti advised that those doing business in villages must develop their business in tune with changed circumstances in the society. “Our government will encourage those traders doing business in rural areas to g.