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Inviting suggestions on Draft National Policy for Micro, Small and Medium Enterprises in India

Inviting suggestions on Draft National Policy for Micro, Small and Medium Enterprises in India
Start Date :
Feb 09, 2022
Last Date :
Mar 31, 2022
23:45 PM IST (GMT +5.30 Hrs)
Submission Closed

The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 Crore units, providing employment to 11 Crore+ people (after ...

The Micro, Small and Medium Enterprises (MSME) is a highly vibrant and dynamic sector of the Indian economy with over 6 Crore units, providing employment to 11 Crore+ people (after Agriculture), having 28% share of GDP and 40% of exports. Like other sectors, MSME also has been adversely affected in terms of productivity during COVD 19. Accordingly, the efficiency and productivity of MSME assume further significance to achieve overall objectives of economic development and a V shape recovery of the Indian Economy.

Draft National Policy for Micro, Small and Medium Enterprises in India is a continuation of various measures taken to date to promote competitiveness, technology upgradation, infrastructure, cluster development, dedicated credit, procurement of products & financial assistance to MSME.

Ministry of Micro, Small and Medium Enterprises invites stakeholders, Industry Associations, MSME units and general public to share suggestions and comments on the Draft Policy. The purpose is to firm up adaptive and inclusive National Policy for Micro, Small and Medium Enterprises.

Click here to read the Draft National Policy for Micro, Small and Medium Enterprises in India

Last date of submitting comments and suggestions on MyGov platform is 31st March 2022.

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Showing 787 Submission(s)
Madumitha S
Madumitha S 4 years 6 months ago
1. Creating an apex authority under the chairmanship of the Prime Minister is a must needed one. 2. Entrepreneurs are a special category set of people. In that, there is no need for categorization as scheduled one or woman entrepreneur. India is a democratic country. So it is better to avoid these variations at least in these sector as this involves only skills and innovations, Every human as to be treated as same. 3. Cluster parks has to be identified on the basis of defined criteria. 4. A dedicated TV channel as Udyam Bharat should explain the MSME sector, it's rules and regulations, regulatory compliances for the common people to understand and to facilitate them to start their own MSME.
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Madumitha S
Madumitha S 4 years 6 months ago
suggestions:- 1. Local level MSME facilitation center could directly communicate with National level MSME facilitation center. 2. If Insolvency and Bankruptcy Code gives priority to MSMEs while handling the disputes then the other types of companies proceedings will end up resolving later. So, under the Insolvency and Bankruptcy Code, try to have further departments for different types of companies and sectors which will speed up the process of proceedings of all sectors and industries and it also adds employment to unemployed qualified citizens. 3. In 59minutes portal enhancing the loan limit to INR 5 crore is not a wise option as it may involve huge default risk. So provide loans up to INR 3 crore is enough and go through their papers thoroughly before sanctioning the loans. Because while going towards speedy process, ingenuine people should not be benefited.
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Prit Ranjan Jha
Prit Ranjan Jha 4 years 6 months ago
Kindly provide easy online funds to the new business. Easy online asset liquidations will help businesses to become debt free. Polluting industry like Loud sound/DJ should be banned.
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