New policy for MSME sector soon, says Kalraj Mishra

To improve the condition of micro, small and medium enterprises (MSMEs), the government is working on simplifying processes to facilitate such entrepreneurs and a separate policy for this sector is under development.

“If work is done properly, effectively and on priority basis in this sector, then we can see that a person with minimum income can get employment. He can feel self reliant,” Union MSME Minister Kalraj Mishra told reporters here on Saturday.

He said the MSME ministry is encouraging small entrepreneurs by which they can stand strongly. “The facilities which entrepreneurs should get are not there like single window system. We are simplifying the process to facilitate entrepreneurs,” he said.

Mishra added that till now MSME was governed by the industrial policy and does not have a policy of its own. “We are in process of framing a separate policy for MSME sector,” he said.

However, he refused to specify the time frame in which the policy would be given a formal shape.

SOURCE: The Indian Express