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Bengal Govt. to set up holding company to promote MSMEs

The West Bengal government said Monday it would set up a holding company to bring all state corporations marketing different products under the MSME sector under a single umbrella.

Following a cabinet meeting, Chief Minister Mamata Banerjee announced that the company, which has been christened "Brand Bengal Marketing Corporation", will take the help of experts from varied fields to promote its activities.

"At present, there are different corporations selling different products, which result in a co-ordination gap. So we have decided to set up a holding company. We will seek opinions of experts from different fields to promote the company," she told media persons in Kolkata.

Banerjee also announced the government's decision to set up "Brihad Krishak Bajar" (mega markets for farmers) in every district of the state at a total cost of Rs.150 crore.

The chief minister also announced the "Kanya Shree" scheme, aimed at providing scholarships to school going girls and slated to start Oct 1, along with a television studio at Baruipur in South 24 Parganas district.