Notopedia is a nonprofit organization with a mission to provide free learning support to all. Click here to donate or volunteer  

Notopedia has a mission to provide free learning support. Click here to donate or volunteer.

Government Simplifies MSMEs Registration Process

fsjd_icon1 RESULTS

save
banner
Government Simplifies MSMEs Registration Process
fsjd_icon1 RESULTS

Description

Government Simplifies MSMEs Registration Process

Date - 16th Jun 2021

Minister of Road Transport and Roads and Micro, Small and Medium Enterprises Nitin Gadkari has simplified the registration process for micro, small and medium enterprises. Only a PAN and Aadhaar are required to register an IHR. Once registered, MSMEs will receive priority and funding. Small business units will not need new training in entrepreneurship and other related aspects.

MSMEs are considered an engine of economic growth that promotes equitable development. They represent 90 percent of the total number of enterprises and provide the highest employment growth rates. They require low investment and have the operational flexibility and ability to develop appropriate local technologies.

MSMEs are the second largest employment sector after agriculture, employing 120 million people in the country. It accounts for about 6.11 percent of the GDP of the manufacturing industry and 24.63% of the GDP from the service sector. It accounts for 45% of India's total exports. Inclusive growth is promoted by MSMEs as it provides employment opportunities in rural areas.

How have MSMEs developed in India?

Campaigns such as Start-up India, Skill India, Digital India and Make in India were launched with the aim of giving MSME members a level playing field to improve productivity. Growing Internet penetration and networking with non-bank finance companies are also driving the growth of the MSME sector.

For more Updates and Information - Click here 

For access to more than 10,000 Colleges - Click here

For Latest Sarkari Jobs - Click here

For Comprehensive Preparation of Competitive Exams - Click here

For School Studies and Exams Preparation across Eight Boards - Click here

The Notopedia Bulletin Board

News about the latest admissions, results, upcoming government jobs, Sarkari exams and many more.

bulletin images
RESULTS

Latest and upcoming results

Explore
bulletin images
ADMISSIONS

Get important alerts

Explore
bulletin images
JOBS

Latest job postings

Explore
bulletin images
SCHOOL

ICSE, CBSE and State Boards

Explore
bulletin images
COLLEGE

Get latest college updates

Explore
bulletin images
EXAM

Latest exam news

Explore
bulletin images
CURRENT AFFAIRS

Latest Current Affairs

Explore


Request For Material

Close Submit
Submit Material

Close Submit