Govt to come up with comprehensive policy for MSMEs

The government will soon introduce a new comprehensive policy for the MSME sector after incorporating suggestions from related associations, Union Minister Kalraj Mishra said.

According to a PTI report, Mishra further counted the problems of entrepreneurs in setting up a Micro, Small and Medium Enterprises (MSME) unit and said that the government would incorporate suggestions from the industry bodies and association so that a progressive environment can be made.

"I held meeting with representatives of 80 associations in Delhi and sought their suggestions to make the draft policy. We will incorporate important suggestions and soon introduce the draft policy," he said at a meeting of "Laghu Udyog Bharti", which represents small scale industries.

He further highlighted the importance of the MSME sector and said that the country would become a developed nation on the strength of the sector.

Mishra said the government was making several efforts for skill development, addressing issues related to loan sanction for micro industries and improving governance by implementing e-governance system.

"NOCs from various departments have to be taken to set up a unit and now we are putting in place a mechanism to simplify the process to seek NOC in a time-bound manner," he added.

RSS leader Suresh Joshi talked about the element of 'diversity' in micro and small level industries and opined that big industries should not be allowed to enter into the business where such small scale units are working in various regions of the country.

He said that products of such small units working in regions have their own quality and local identity which vanish when big companies enter into that trade and start manufacturing those products.

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