"The ASSOCHAM has been closely working with the Ministry of MSME, Government of India endeavoring to create value for the Indian industry, business and trade since its inception in 1920.MSMEs are the best vehicle for inclusive growth to create local demand and consumption and also to fight with the global meltdown. Public policy has rightly accorded high priority to this sector in order to achieve balanced, sustainable more equitable and inclusive growth in the country. A micro enterprise of today will be a big enterprise of tomorrow and might well become a multinational enterprise eventually, if given the support in finance and capacity building."
"ASSOCHAMs initiative to launch an electronic platform "myloanassocham.com" is path breaking initiative to meet the capital requirement of MSME. Its purpose is to facilitate access to collateral free loan to Micro and Small Enterprises to grown their business making life easier for entrepreneurs and turn them into strong instruments of GDP growth and employment. The Prime object of the portal is to connect perspective Banks / Financial institutions and borrowers in a seamless manner."
"I Congratulate the ASSOCHAM for taking pioneering efforts for helping in accelerating development of the Indian MSME Sectors and hope that it would inspire millions of entrepreneurs to meet their capital requirement for operating their units and lead this sector to remarkable heights."
Ministry of Micro, Small and Medium Enterprises