Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2013-09-04

Government panel to make entry, exit norms easier for MSME growth

\r\nIn order to improve growth in MSME sector, a government-panel will soon suggest easier entry and exit norms along with policies for easy flow of credit in its report to Cabinet Secretary Ajit Kumar Seth. \r\n

Government panel to make entry, exit norms easier for MSME growth

In order to improve growth in MSME sector, a government-panel will soon suggest easier entry and exit norms along with policies for easy flow of credit in its report to Cabinet Secretary Ajit Kumar Seth. 

 

MSME Secretary, Madhav Lal, said "We are finalizing our report on improving manufacturing in the MSME sector which will soon be submitted to the Cabinet Secretary for his consideration". 

 

The government had set up an inter-ministerial committee (IMC), headed by Madhav Lal, to look into issues faced by small units and suggest ways to boost manufacturing in the sector. 

 

Secretary in the Ministry of Labour M Sarangi, Textiles Secretary Zohra Chatterji and Department of Industrial Policy and Promotion (DIPP) Secretary Saurabh Chandra are also in the committee of IMC. 

 

The six-member committee has discussed a number of issues which have been affecting the growth of small units and would suggest various recommendations in this regard.  In the report, the panel is believed to have suggested simplification of rules for entry of small units along with creating an efficient framework for exit of sick units. 

 

"We are looking at the entire issue from the perspective of the life cycle of MSMEs like what kind of assistance they require at the stage of the start-up and what is that they require for doing business or expanding it," Lal added.

 

Related opportunities
  • Others Food Service
    About Us: Mumbai’s Most Popular Traditional Snack Brand.By India’s Leading Manufacture..
    Locations looking for expansion Mumbai
    Establishment year 1977
    Franchising Launch Date 2018
    Investment size
    Space required 400
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Mumbai
  • Quick Service Restaurants
    Kathi Junction – brings the golden opportunity to start your..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater NEW DELHI New Delhi
  • Others Food Service
    About Us: World of Tortilla's is an established Mexican chain with..
    Locations looking for expansion New delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi New delhi
  • Hospitals
    About Us: Within a short but dynamic span of 8 years,..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads