Govt to focus on Ease of Doing Business for pushing exports

The flow of credit to the MSME sector is a necessity for increasing exports, and the government has made provisions for collateral free loan for an amount of up to Rs.1 crore

The Dollar Business Bureau 

  The government is focused on facilitating Ease of Doing Business in the country so that the entrepreneurs, particularly in the MSME sector, can increase their efforts to enhance exports, Minister of Micro, Small & Medium Enterprises (MSME) Kalraj Mishra said. “Two months back, a radical simplification was carried out in the process of registration by creating an online Udyog Aadhar Portal which now only has one-page form. Online filing on this portal can be done in just three minutes to get registration without spending any money,” Mishra said. Highlighting the success of such steps on Ease of Doing Business, the MSME Minister said that the portal have registered more than 160,000 registrations within two months of its launch. The flow of credit to the MSME sector was a necessity for increasing exports, and the government has made provisions for collateral free loan for an amount of up to Rs.1 crore.  Mishra praised the MSME entrepreneurs for having withstood the global slowdown and ensuring export growth in the MSME sector. “MSME is a sector that projects a nation to growth. When the entrepreneurial mentality develops, self-reliance will also happen,” he said.  The MSME Minister was speaking at the CAPEXIL export awards ceremony held in New Delhi on Thursday. During 2014-15, the total export of products falling under the jurisdiction of CAPEXIL was $13.93 billion. It has 16 panels, broadly divided into two categories viz. minerals and non-mineral.  

January 29, 2016 | 03:25pm IST

The Dollar Business Bureau - Jan 29, 2016 12:00 IST
 
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