Direct transfer of benefits for MSMEs

With regard to the public procurement policy, the Ministry is looking at measures that will benefit startups too.

October 18, 2015 02:28 am | Updated 02:28 am IST - COIMBATORE:

The Ministry of Micro, Small and Medium Enterprises (MSMEs) is considering introduction of direct transfer of benefits (DTB) to those setting up units under the Prime Minister Employment Generation Programme, Anup K. Pujari, secretary, Ministry of Micro, Small and Medium Enterprises, told presspersons here on Friday.

In order to simplify processes, the Ministry has introduced single page registration and since its launch last month, over 10,000 people have applied for Udyog Aadhaar.

Though Entrepreneurs Memorandum I or II are valid, MSME entrepreneurs who have these are also encouraged to go in Udyog Aadhaar, he said.

With regard to the public procurement policy, the Ministry was looking at measures that will benefit startups too.

The secretary had interactions with representatives of MSME associations here on Friday and Saturday.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.