Regulatory policy

Deadline for comments on draft MSME policy extended to March 15

Deadline for comments on draft MSME policy extended to March 15

New Delhi, March 4 (KNN) The Ministry of MSMEs has extended the deadline for submitting comments on the draft National Policy for Micro, Small and Medium Enterprises (MSMEs) by two weeks until March 15 for greater participation of MSME stakeholders with their contributions.

The announcement was made in a desk memorandum signed by Amit Kumar Tamaria, Deputy Director (MSME Policy), Office of the Commissioner for Development (DC-MSME).

The DC-MSME Bureau had presented the draft policy document early last month which proposed eight “specific areas of action” to promote competitiveness, boost technological upgrading, cluster and infrastructure development, l purchase of MSME products and provide dedicated credit support.

The eight policy areas mentioned in the draft policy included intergovernmental role and responsibility, legislative/regulatory framework for MSMEs, access to finance/financial assistance for MSMEs, technological upgrading, knowledge management, ease of doing business, skills development and exit code.

It is recognized in the draft policy that there is a need for systematic consideration of these issues to develop a proactive policy by the Government of India to take action and promote follow-up at state level to remove specific barriers to the growth of MSMEs.

The draft policy also recommends the development of a National MSME Policy in line with the National MSME Policy.

Comments or suggestions should be sent to [email protected] and poli[email protected] (KNN Office)