He also proposed setting up of dashboard for monitoring schemes to prevent delays in decision making.
GN Bureau | June 30, 2021
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.
India’s climate actions cut across various sectors and are being implemented through various programs and schemes of different union ministries, departments and state/ union territory governments. The government of India through concerned ministries and departments organises workshops, exhibiti
In a judgment with far-reaching implications, the Supreme Court has held that the civil consequences of an account being declared as fraud under the Reserve Bank of India (Frauds Classification and Reporting by Commercial Banks and Select FIs) Directions, 2016 or its Master Directions on Fraud amount to ci
The Dehradun-based Forest Survey of India (FSI), an organization under the Ministry of Environment, Forests and Climate Change, carries out the assessment of forest cover biennially since 1987 and the findings are published in the India State of Forest Report (ISFR). As per the latest ISFR 2021, there is a
While the average growth of energy requirement in the country for 2023-24 viz-a-viz 2022-23 has been estimated as 4.9%, the months of April and May have been projected as high demand period. During the current year, the peak demand is expected to be around 229 GW during the summer period. The government ha
As the UN has declared 2023 as the International Year of Millets, the Indian Army has steered introduction of millets flour in the rations of soldiers. This landmark decision will ensure troops are supplied with native and traditional grains after over half a century, when these were discontinued in favour
When discussing digital currency, you might think of one or two well-known varieties. There is the digital representation of currency that you access with mobile and online banking services. This currency is the liability of a commercial bank. There is also cryptocurrency, a digital medium of exchange issu