KCCI seeks KSFC regional office in Mangaluru

 KCCI seeks KSFC regional office in Mangaluru
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Mangaluru, March 08, 2022: The Kanara Chamber of Commerce and Industry (KCCI) has asked Chief Minister Basavaraj Bommai to open a regional office of Karnataka State Financial Corporation (KSFC) in Mangaluru.

KCCI president Shashidhar Pai Maroor has written a letter to the Chief Minister regarding this. A copy of the letter has been sent to MP Nalin Kumar Kateel, MLAs Vedavyas Kamath, and Bharath Shetty.

“The objective of KSFC is to promote industrial activity in Karnataka by providing financial assistance to industries, particularly to the small and the medium-sized units. Since Mangaluru and other places around Dakshina Kannada and Udupi districts have 17883 micro, small, and medium-sized units, it is very essential to set up a KSFC regional office in Mangaluru,” he said in the letter.

“This would immensely benefit the industries here which otherwise have to visit Hassan. We, therefore, request you to kindly look at this matter in the interest of the MSMEs here. This would save time and also lead to ease of doing business,” he added.

Karnataka State Financial Corporation (KSFC) is a State level Financial Institution established by the State Government in the year 1959 under the State Financial Corporations Act 1951 to cater to the long-term and short-term financial needs of micro, small and medium enterprises (MSMEs) in the State of Karnataka.

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