<p>Union MSME Minister Nitin Gadkari on Friday said it is not easy for entrepreneurs to avail bank loans, and there is a need to encourage those who have a good track record to boost entrepreneurship.</p>.<p>Recently, Gadkari met bank chiefs along with Finance Minister Nirmala Sitharaman and discussed issues in extending finance to micro, small and medium enterprises (MSME) sector.</p>.<p>"Wherever you go, it is not easy to get a bank loan," Gadkari said while addressing a conference on Empowering Women Entrepreneurs here.</p>.<p>Referring to the need for cutting delays in decision making or project implementation, the minister said he has started a practice of maintaining timeline so as to expedite and monitor the process.</p>.<p>He said the government is working on launching a new website for MSME sector on the lines of Alibaba platform for marketing MSME products.</p>.<p>MSME Secretary Arun Kumar Panda said the government is in the process of setting up a portal whereby MSMEs across the world can do business with their Indian counterparts through a digital platform.</p>.<p>He said the ministry is setting up a portal in various languages to inform people about various schemes and incentives offered by the Centre as well as state governments, with a view to promote entrepreneurship.</p>.<p>Panda said goods worth about Rs 300 crore have already been procured from women entrepreneurs after 3 per cent sourcing from women entrepreneurs was made mandatory for ministries and state-owned enterprises.</p>.<p>Central Ministries and PSUs are procuring 25 per cent from MSMEs and it has been directed that 4 per cent of purchases should be from SC/ST entrepreneurs and 3 per cent from women entrepreneurs.</p>
<p>Union MSME Minister Nitin Gadkari on Friday said it is not easy for entrepreneurs to avail bank loans, and there is a need to encourage those who have a good track record to boost entrepreneurship.</p>.<p>Recently, Gadkari met bank chiefs along with Finance Minister Nirmala Sitharaman and discussed issues in extending finance to micro, small and medium enterprises (MSME) sector.</p>.<p>"Wherever you go, it is not easy to get a bank loan," Gadkari said while addressing a conference on Empowering Women Entrepreneurs here.</p>.<p>Referring to the need for cutting delays in decision making or project implementation, the minister said he has started a practice of maintaining timeline so as to expedite and monitor the process.</p>.<p>He said the government is working on launching a new website for MSME sector on the lines of Alibaba platform for marketing MSME products.</p>.<p>MSME Secretary Arun Kumar Panda said the government is in the process of setting up a portal whereby MSMEs across the world can do business with their Indian counterparts through a digital platform.</p>.<p>He said the ministry is setting up a portal in various languages to inform people about various schemes and incentives offered by the Centre as well as state governments, with a view to promote entrepreneurship.</p>.<p>Panda said goods worth about Rs 300 crore have already been procured from women entrepreneurs after 3 per cent sourcing from women entrepreneurs was made mandatory for ministries and state-owned enterprises.</p>.<p>Central Ministries and PSUs are procuring 25 per cent from MSMEs and it has been directed that 4 per cent of purchases should be from SC/ST entrepreneurs and 3 per cent from women entrepreneurs.</p>