Reserve Bank of India Governor Raghuram G. Rajan on Saturday emphasised on regulatory and administrative reforms for growth of entrepreneurship.
Delivering the 4th Lecture in the Odisha Knowledge Hub (OKH) lecture series here, Dr. Rajan said regulatory norms should provide the scope for easy entry to and exit from the enterprises along with basic safety net for entrepreneurs and workers.
Capacity enhancement, apart from improving skill base of society, would help people derive benefit from reforms, said Dr. Rajan.
“Entrepreneurs need smooth access to finance and markets. Small and medium enterprises should be linked to national and international marketing entities through web-based technology. The light regulations and system of self certification would be more helpful for small and medium enterprisers to navigate through bureaucratic system,” he said.
Dr. Rajan advised the governments to update the front-line regulators like inspectors and field officers with new reformative initiatives of government for promotion and growth of enterprises.
While Chief Minister Naveen Patnaik heard Dr. Rajan through video conferencing, his senior cabinet colleagues including State Finance Minister Pradip Amat and top bureaucrats listened to his lecture.
