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.
Professionals Like Doctors, CA’s, Lawyers Brought Under Government’s Credit Guarantee Scheme for MSME’s
Executive
Aug 04, 2020
Bakul
(
Editor: Ekta Joshi
)
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In May 2020, a scheme was announced by the Indian Government as a part of the Government’s Aatmanirbhar package to provide financial support to Micro, Small and Medium Enterprises (MSME).The Government gives full loan guarantee to an incremental loan given to borrowers under this scheme. On Saturday 1st August,2020 the Government of India expanded the scope of its MSME’s COVID-19 loan scheme by including professionals like doctors, lawyers, and CA’s. More businesses and individuals were...
Assam Government Changes MSME Ordinance Rules Following Protests
Executive
Jul 10, 2020
Ghazal Bhootra
(
Editor: Ekta Joshi
)
18 Shares
Experiencing dissent over an ordinance to provide an easement for Micro, Small, and Medium Enterprises (MSME), the government of Assam expressed that it will change the rules and exemption would not be given for setting up industries on agricultural land, on July 9, 2020.Speaking at a press conference, Assam Industries and Commerce Minister Chandra Mohan Patowary mentioned that Chief Minister Sarbananda Sonowal convened a specific meeting due to protests the ordinance and...
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