- Only PAN, Aadhaar Required for MSME Registration
In a major boost to Indian economy and AatmNirbhar Bharat initiative, Minister for Road Transport & Highways and Micro, Small and Medium
Enterprises, Nitin Gadkari announced simplification of process for
registration of Micro, Small and Medium Enterprises. Addressing a
webinar of "SME Street Game Changers Forum" this evening, Gadkari said
that now only PAN and Aadhaar will be required for registration of
MSMEs.
The
Minister added that after getting registered, the MSME unit will be
getting priority and finance. He said that there is a need to impart
training to small units in fields of entrepreneurship and other related
aspects. He assured full support of the MSME Ministry, and also
expressed hope that banks and NBFCs will also provide full support to
small businesses.
Emphasizing
the importance of MSMEs, the Minister said that the MSMEs contribute
significantly in the economic and social development of the country by
fostering entrepreneurship and generating large employment
opportunities. He said that with an objective of making India a global
economic powerhouse, vision of MSME aims towards building a supporting
ecosystem for MSMEs to enhance their contribution towards five trillion
dollar economy. He said that in order to boost the economic activities
of MSMEs, the Government has announced a special incentive package
‘Aatmanirbhar Bharat Abhiyan’ of 20 lakh crore rupees.