- Chandigarh UT
- Creative Corner
- Dadra Nagar Haveli UT
- Daman and Diu U.T.
- Department of Administrative Reforms and Public Grievances
- Department of Biotechnology
- Department of Commerce
- Department of Consumer Affairs
- Department of Industrial Policy and Promotion (DIPP)
- Department of Posts
- Department of Science and Technology
- Department of Telecom
- Digital India
- Economic Affairs
- Ek Bharat Shreshtha Bharat
- Energy Conservation
- Expenditure Management Commission
- Food Security
- Gandhi@150
- Girl Child Education
- Government Advertisements
- Green India
- Incredible India!
- India Textiles
- Indian Railways
- Indian Space Research Organisation - ISRO
- Job Creation
- LiFE-21 Day Challenge
- Mann Ki Baat
- Manual Scavenging-Free India
- Ministry for Development of North Eastern Region
- Ministry of Agriculture and Farmers Welfare
- Ministry of Chemicals and Fertilizers
- Ministry of Civil Aviation
- Ministry of Coal
- Ministry of Corporate Affairs
- Ministry of Culture
- Ministry of Defence
- Ministry of Earth Sciences
- Ministry of Education
- Ministry of Electronics and Information Technology
- Ministry of Environment, Forest and Climate Change
- Ministry of External Affairs
- Ministry of Finance
- Ministry of Health and Family Welfare
- Ministry of Home Affairs
- Ministry of Housing and Urban Affairs
- Ministry of Information and Broadcasting
- Ministry of Jal Shakti
- Ministry of Law and Justice
- Ministry of Micro, Small and Medium Enterprises (MSME)
- Ministry of Petroleum and Natural Gas
- Ministry of Power
- Ministry of Social Justice and Empowerment
- Ministry of Statistics and Programme Implementation
- Ministry of Steel
- Ministry of Women and Child Development
- MyGov Move - Volunteer
- New Education Policy
- New India Championship
- NITI Aayog
- NRIs for India’s Growth
- Open Forum
- PM Live Events
- Revenue and GST
- Rural Development
- Saansad Adarsh Gram Yojana
- Sakriya Panchayat
- Skill Development
- Smart Cities
- Sporty India
- Swachh Bharat (Clean India)
- Tribal Development
- Watershed Management
- Youth for Nation-Building
Discussion on Amendments in the MSMED Act 2006
Start Date :
Jul 05, 2024
Last Date :
Aug 05, 2024
23:45 PM IST (GMT +5.30 Hrs)
The Ministry of MSME is in the process of amending the MSMED Act, 2006. In this regard, this Ministry had consulted various central Ministries/Department/State Govt./Industry ...
MSMED act is a future oriented goal of msme sector.some changes has been necessary for it.my view is to a policy has been framed according to region wise and sector wise.second point is to facilitate financial needs according to their need.third grass route level committee has been formed for inspect msme policy.fourth point is to a portal has been opened for registered all msme trader.
MSMED act is a revolutionary step for development of msme sector.sone changes has been necessary according to time.my view is to a clear and strong policy for development of msme sector.second point is to trained small trader for their business growth.third a national policy has been framed for bring unity among name trader.fourth skilled man power policy has been necessary for msme sector.
Cottage industries are mostly run by women self help groups.
Rural women are more involved in these sectors. Food products are sold at value added.Food quality laboratory fee should be charged slightly less by women self help groups. Small income is also important for women SHGs.
MSMEs should be allowed to borrow only from approved non-banking financial services institutions.Tribunals should function at district, regional, state and national levels. Settlements must be reached within 30 days of litigation.
CSC Centers should facilitate video appearances in Tribunals
Legislation should be modified based on the suggestions made in favor of MSMEs.
Government should encourage creation of cooperative & private mixed MSMEs like Farmer Production Organizations. CSC centers need to be developed as new MSME oriented services need to be provided through CSC centers.
Central government should provide one MSME training per month through district industries center in backward districts
Ok
treening
10. Maintaining digital datas, digital importance , cyber security, encouraging utility AI products can bring more.
9. Our food items , especially organic food items we can give importance. Super foods like millets production , millets exports also we can give importance.
10. Similarly for rainy seasons we have to store the foods properly. We should know the monsoons , we have to careful or alert and save foods, products ourselves.
The proposed amendments to the MSMED Act, 2006, enhance inclusivity, future-proof the Act, improve coordination, and ease business operations for MSMEs. Granting statutory status to Udyam registration and addressing credit gaps through initiatives like TReDS ensures better finance access. Including women, SC/ST members, and rural artisans in programs like the Coir Udyami Yojana highlights social equity. Future-proofing measures, such as the Green Fund for sustainable practices and the Technology Centres System Programme (TCSP) for tech support, align with global trends.
Improving coordination with more Facilitation Councils, seen in Maharashtra and Tamil Nadu, enhances support and dispute resolution. Simplifying regulations, decriminalizing offences, and adopting digital solutions like the Government e-Marketplace (GeM) portal foster transparency and efficiency. These amendments aim to create a resilient, dynamic MSME ecosystem, driving India's economic growth and competitiveness.
Entrepreneurship is easy to achieve when resources are close at hand.
But it is a challenge if resources are far from industrialization. The backward districts of the country are mostly agricultural.
There is a need to start MSMEs to increase employment in resource-poor areas. It would be good if the government encouraged companies to start businesses in areas where opportunities are limited.
We should take Japan as an example in this matter. There are few resources but their hard work brought their country to the top of the world.
Don't fail to encourage MSMEs who choose industries that are not feasible in their area.
Apart from agriculture, under-resourced districts can be encouraged to choose a product or service to develop related industries. It is well known that one product per district.
It has to be achieved with the possible object. Encouraging entrepreneurship in challenging products is what really needs to be achieved.
nice