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Now MSMEs Can Be Established In Rajasthan By Filling Up A Mere Self-Declaration Form

By Lawstreet News Network      Mar 08, 2019      0 Comments

The Rajasthan government earlier this week has notified an ordinance to facilitate the launch of new ventures of micro, small and medium enterprises (MSMEs) in the State.

The Micro, Small & Medium Enterprise (Facilitation of Establishment & Operation) Ordinance, 2019, will allow a businessman to start a new enterprise with mere self-declaration, without the need for seeking an approval or inspection of any department for the next three years.

Chief Minister Ashok Gehlot said the ordinance was in concurrence with the vision for good governance. An entrepreneur will be required to submit a “declaration of intent” for setting up a new enterprise to the nodal agency, which will issue an acknowledgement certificate. It will spare the businessman from the urgency of approval or inspections.

The Ordinance would also “serve as a “milestone” in establishing the rule of transparent and accountable administration, Gehlot said.

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