MSME Policy in line with ease of doing biz in R'sthan

Rajasthan's Micro, Small and Medium Enterprises (MSME) policy launched today will strictly follow the concept of ease of doing business and amended labour laws, besides providing facilitation centre, better incentives and tax relaxations for industrial growth.
Union Minister for MSME Kalraj Mishra released the policy in presence of dignitaries and Rajasthan Chief Minister Vasundhara Raje on the second and last day of Resurgent Partnership Summit at Sitapura Industrial Area here.
MSME cater to the vital needs of the economy in terms of their two specific roles, i.E., as a support base for large industry and as a stand-alone provider of goods and services, according to the 56 pages policy draft.

MSME form the backbone of the industrial sector in terms of numbers and provide the largest share of employment after agriculture.
Applications of all new investment proposals will be processed at the District Industries Centre (DIC) under the single window system for time bound approvals.
MSME Facilitation Centre in each of 33 districts in Rajasthan, which is to be set up, would provide guidance and support to the new investors, and the State MSME Facilitation Council will be made more effective and strengthened.

The state government will encourage cluster development approach as an effective strategy for the development of MSMEs, and it would be cost-effective, inclusive, sustainable and enables competitiveness.

Rehabilitation of sick MSME units, skill development/ man power development, Marketing Support to MSMEs, Support for Quality Improvement, khadi-handloom and craft sector development, support for start up business and budding entrepreneurs, financial incentives under Rajasthan Investment Promotion Scheme-2014 are the glaring feature of the policy.
MSME session was addressed by a number of dignitories including Salil Singhal, Chairman and MD, Pl Industries, Om Prakash Mittal, National President of Laghu Udyog Bharti, Dinesh Agarwal, Founder and CEO of IndiaMart InterMesh Ltd, and Jyoti Ghosh, MD of SBBJ.