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7361 employment opportunities as on 31.03.2014. Besides, there are 36 mini industrial estates Industry and Labour
under SIDCO as on 31.03.14. About 1313 employees are working in 289 units all over the states.
Details of SIDCO are given in Appendix 3.23, 3.24 and 3.25.

Promotional Events and Exhibitions

3.44 The Directorate of Industries and Commerce conducted/participated in 38 Exhibitions /Fairs /
Expos inside Kerala with 1219 stalls in 2013-14 and generated an income of ` 15.04 Crore. The DIC
represented Kerala in one international Exhibition outside Kerala with 26 stalls. Details are given in
Appendix 3.26.

Bank Credit to SSI / MSME Sector

3.45 As per State Level Bankers’ Committee (SLBC) report, the outstanding bank credit to various
sectors by the commercial banks in Kerala at the end of March 2014 increased by about 10% ie. `
192010 crore against ` 175087 crore in the previous year. The outstanding flow of credit to MSME
sector was ` 32069 crore with an increase of 36% over ` 23563 Crore of previous year which was
14% over Rs. 20593 crore in 2011-12. The status of flow of credit to various sectors is given in
Appendix 3.27.

3.46 The Small Industries Development Bank of India (SIDBI) under the Receivable Finance Scheme
(RFS) provides assistance to MSMEs to address their problems of delayed payment in respect
of credit sales against the bills of exchange/ Invoice arising out of such sales. To provide greater
support to MSMEs, the refinancing capability of SIDBI has been enhanced from the current level of `
.5,000 crore to ` 10,000 crore per year as per an announcement in the Union Budget 2013-14. The
outstanding assistance to MSME through various products under receivable finance is ` 6.5 Cr as on
31.03.2014. Details are given in Appendix 3.28.

Union Budget –2014-15- Announcements

3.47 Union Budget -2014-15 gives big boost to MSME Sector

• In order to create a conducive eco-system for the venture capital in the MSME sector it is
proposed to establish a ` 10,000 crore fund to act as a catalyst to attract private Capital by way
of providing equity, quasi equity, soft loans and other risk capital for start-up companies.

• A corpus fund of ` 200 crore is to establish technology centre network to promote innovation,
entrepreneurship and agro-industry.

• A programme to facilitate forward and backward linkages with multiple value chain of
manufacturing and service delivery will also be put in place.

• Entrepreneur friendly legal bankruptcy framework will also be developed for SMEs to enable
easy exit.

• A nationwide “District level Incubation and Accelerator Programme” would be taken up for
incubation of new ideas and providing necessary support for accelerating entrepreneurship.

• Skill India to be launched to skill the youth with an emphasis on employability and entrepreneur
skills.

• Definition of MSME to be reviewed to provide for a higher capital ceiling.

Economic Review 2014