Clearances for setting up of small businesses would be accorded online within a fixed period of 15 days
The Union Minister for Micro, Small and Medium Enterprises has indicated that the new draft MSME Policy is at the advanced stage of finalization, which government proposes to roll in the next 30 days.The minister informed that the ministry has been working hard to make sure that the new government succeeds in setting up of Credit Guarantee Trust Funds to extend liberal packages to MSME as a whole and inputs have already been incorporated in the new policy.
As per stipulation of the new policy, the general procedures as well as procurement procedures would be vastly simplified and all clearances for setting up of micro and small businesses would be accorded online within a fixed period of 15 days, assured the Minister.
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