Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2013-10-03

IMC submits final report for better credit flow and easy closure process for MSMEs

The government-panel looking into problems faced by MSMEs has submitted its final report to Cabinet Secretary Ajit Kumar Seth, suggesting ways to improve credit flow and efficient framework for closure of unviable businesses.

IMC submits final report for better credit flow and easy closure process for MSMEs

The government-panel looking into problems faced by MSMEs has submitted its final report to Cabinet Secretary Ajit Kumar Seth, suggesting ways to improve credit flow and efficient framework for closure of unviable businesses. 



The government had set up an inter-ministerial committee (IMC), headed by Micro, Small and Medium Enterprises (MSMEs) Secretary Madhav Lal, to look into problems faced by small units and suggest measures to enhance manufacturing in the sector. 

 

"We have submitted our report to the Cabinet Secretary recommending enhancement and growth acceleration for the sector in the short and medium-term. We have suggested better integration of MSMEs in the entire value-chain," an official said. 



The recommendations include simplification of rules for entry of small units, easy flow of credit, better labour laws, and efficient framework for closure of unviable businesses, he added. 



The small-scale industry has been facing problems like decline in exports, high cost of credit, obsolete technology, lack of skilled workforce and tough entry and exit policies. 



Besides Lal, other members of the IMC include Secretary in the Ministry of Labour M Sarangi, Textiles Secretary Zohra Chatterji and Department of Industrial Policy and Promotion (DIPP) Secretary Saurabh Chandra. 
 

Related opportunities
  • About Us: Wonderchef is a leading brand of Kitchenware founded in 2009 in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Kev’s Café is a renowned brand established in 2001..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Education Supplies
    About Us: TicTacToe Learning Center is an afterschool program, learning English..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Started in Dehradun, Bubbles is India's first preschool based..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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