Hyderabad, July 30 (KNN) Director of National Small Industries Corporation (NSIC) P Uday Kumar has said that the relavant data of 51 million Micro, Small and Medium Enterprises (MSMEs) will be digitised soon.

“The Union Ministry of MSME has launched the new initiative to capture data regarding these industries online through www.msmedatabank.in . This will help in saving in expenditure incurred at the time of 4th All India Census, which was in range of approximately Rs. 200 crore.

He was addressing as the chief guest at the inauguration of COWE(Confederation of Women Entrepreneurs) of India and NSIC Trade Fair 2016 here.

He further said that this data will help the ministry plan the development activities and incentive programs well

At present, a pilot project is on, which has resulted in nearly 18,000 MSMEs coming forward to enter their data base on the platform on their own, he said. 

The data is available in physical form. “We will do away with the same in future.  We will roll out this initiative in next one month he said”.

In Japan, whoever want to set up a MSME or SSI unit or for that matter any industry fill in just 11 details and get the registration in single go. Whereas in India we need to fill in 38 various application forms beside various other statutory compliances, he said. (KNN Bureau)