Parshuram corporation to operate from Pune, proposes multiple schemes
Parshuram Economic Development Corporation
(PEDC) at the Council Hall in Pune.
The formal inauguration of the office is scheduled to take place in the presence of deputy chief minister
Ajit Pawar
on the occasion of Maharashtra Day on May 1, corporation chairman Ashish Damle said on Tuesday.
"The office is set up in an area of around 1,500 square feet at the Council Hall. Pune is a strategic location for different stakeholders," Damle told TOI. Formally announced in Sept last year with initial funding of Rs 50 crore, PEDC has appointed an officer of the rank of additional collector as its managing director.
"We prepared and finalised the article and the memorandum of association for the Corporation. It will be a legal framework for the corporation to function," Damle said. The corporation has proposed multiple schemes, including offering 25% seed capital for entrepreneurs, hassle-free loans up to Rs 3 lakh, and financial aid to students, to name a few.
"Deputy CM and finance minister Ajit Pawar, in his budget reply, said that adequate funds will be provided to the corporation as per requirement. With an office set up now, the full-fledged working of the corporation is expected with the rollout of different schemes after formal nod from the govt," Damle said.
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