Ease of Doing Business for MSMEs: On the occasion of International MSME Day, throughout the virtual conference, ‘Indian MSMEs as Growth Engines to Economy’ Minister for MSME Nitin Gadkari announced the integration of Udyam Registration Portal with Common Service Centre (CSC) Portal to boost penetration of positive aspects of numerous government schemes amongst MSMEs in far-flung locations.
He mentioned, “the ministry exists to work on the vision of unshackle the MSME and unleash their full potential, to double their contribution towards five trillion economy.” He mentioned there is a want to give priority to enterprises in rural, agriculture and the tribal sector.
He added there is a want to focus on all-round efforts for the implementation of numerous initiatives undertaken as portion of Aatmanirbhar Bharat.
For instance, he mentioned the procedure of MSME registration is simplified wherein the company owner will be expected to submit only PAN and Aadhaar to get registered on the Udyam Registration portal to avail positive aspects of numerous schemes.
He also mentioned schemes have to be launched in a timely manner. “The most important thing is the time period for all the schemes. I am trying my level best ….. that within six months we need to take any decision ….. about the sanctioning of the schemes.” He mentioned from time to time it requires up to 5 or seven years for schemes to get sanctioned. He mentioned they are also arranging on “making a dashboard, by which we can monitor the application of every person who is applying for the loan in the bank”. The notion is that the procedure is “transparent, time-bound, result-oriented and corruption-free. So by dashboard, we can monitor things, and we will get exactly where is the problem,” he mentioned.
Further, he also urged to make use of technologies and pointed out that study, innovation, and good quality improvement can play a main function in industrial development. The virtual conference was organised by the Ministry of MSME in association with numerous MSME business associations