Kumari Palany & Co

Export, credit counseling for small entrepreneurs

Posted on: 05/Jun/2010 3:35:45 AM

Consultants will provide advice on projects, arrange loans

The Micro, Small and Medium Enterprises Development Institute (MSME-DI) Chennai  is planning to  start export counseling and credit counseling cells to assist new and existing entrepreneurs. It will start functioning in Chennai in a fortnight, said MSME-DI Director S. Sivagnanam.

Two freelance consultants will be appointed to provide counseling that would enable MSMEs either to get guidance for getting credit or to explore new avenues for export area. The consultants would offer their services in Chennai on Mondays, Wednesdays and Fridays. Depending on the demand, they might travel to other cities such as Coimbatore, Madurai, Tuticorin and Tirunelveli.

It is the first of its kind initiative evolved by Chennai MSME-DI. The consultants will provide advice, study the viability of the project, negotiate with the bankers and arrange for loans. The consultants will charge a nominal fee for consultancy and some percentage as fee for additional services.

The details will be hosted on its website.

Coimbatore, Tiruchi, Ambur, Madurai, Chennai, Erode, Tiruppur and Kancheepuram, will be covered in the first phase.