Nitin Gadkari calls for the creation of a Rating system for MSMEs

He also proposed setting up of dashboard for monitoring schemes to prevent delays in decision making.

GN Bureau | June 30, 2021


#Nitin Gadkari   #MSMEs   #SIDBI   #MSME Rating   #GST   #Economy   #GDP   #Agriculture   #Transport  

Minister for MSME and Road Transport and Highways Nitin Gadkari has called for the creation of a rating system for MSMEs and a Dashboard for effective monitoring of MSME schemes. While addressing a webinar, he said simple and transparent methodology should be evolved to give ratings to MSMEs having good turnover, GST records to enable them to get finances from the banks and institutions. The Minister said the whole world now wants to invest in Indian industry and with an effective rating system, MSMEs can get good investment from abroad.

He also proposed setting up of dashboard for monitoring schemes to prevent delays in decision making. He asked SIDBI to take decisions within three months and provide support. The Minister said MSMEs have an important role to play in achieving Atamanirbhar Bharat. Gadkari said it is time to make our system transparent, time-bound, result-oriented and performance-oriented and help appropriate entrepreneurs with a good track record. He emphasized working together in an integrated manner and not in silos. Gadkari said new thinking, out of box ideas, new technology and research in agricultural, rural and tribal areas is very important for employment generation.

The Minister said MSMEs contribute nearly 30 percent to the country’s GDP and provide employment to more than 11 crore people which in terms of volume is second after the agricultural sector.

Comments

 

Other News

Yoga Day has changed perceptions about it in ten years: PM

The expanding awareness of Yoga over the past ten years has changed perceptions associated with it, prime minister Narendra Modi said in Srinagar on Friday on the occasion of the International Day of Yoga.   “Yoga is now emerging beyond limited boundaries. The world is witnessing t

Listening to tomorrow: The imperative for youth-driven data in India

Over a decade and a half ago when I was still a student, millennials felt the burning need to break down the barriers of gatekeeping in traditional media. Young voices, brimming with ideas and opinions, were often sidelined, their perspectives deemed too marginal or unrefined for mainstream discourse. This

Israel-Palestine War: Lessons from Past Peace Efforts

Israel-Palestine War: Give Peace a Chance By Dr. Joseph K. Thomas IndiePress, 243 pages, Rs 399 T

How inner work helps subvert painful narratives

Unashamed By Neha Bhat HarperCollins, 240 pages, Rs 499   * How do I connect better with my partner? *&nbs

Heatwave spikes power demand: measures taken to ensure supply

The Northern Region has been experiencing high power demand conditions due to a prevailing heat wave since May 17. Despite these challenging conditions, the highest ever peak demand of 89 GW in the Northern Region was successfully met on June 17. This achievement was made possible by import

PM to release 17th installment of PM-KISAN at Varanasi on Tuesday

Prime minister Narendra Modi will release the 17th instalment of the PM-KISAN scheme on Tuesday at Varanasi and more than 9.26 crore farmers will receive the benefits amounting to over Rs.20,000 crore. The PM will also distribute the certificates to more than 30,000 SHGs trained as Krishi Sakhis to work as

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter