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CAs play major role in development & promotion of MSME sector: Expert

Updated: May 02, 2019 06:17:18am
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CAs play major role in development & promotion of MSME sector: Expert

Nagpur, May 2 (KNN) Chartered Accountants (CAs) play a major role in the development and promotion of Micro, Small and Medium Enterprises (MSME) sector, said Director of MSME-DI, Nagpur.

Addressing the members of Institute of Chartered Accountants of India (ICAI) here, Director of MSME-DI, P M Parlewar elaborated various schemes of MSMEs and hoped that it would give ample opportunities to chartered accountants to render their services in MSME sector.

He observed that MIHAN was one of the largest SEZs in India and was taking time to establish the small and medium industries in that area.

“The benefits under SEZ scheme are substantially high and Cluster Scheme of Ministry will enable MSMEs to get multiple benefits. Till now 8 sector specific clusters have been formed in and around Nagpur,” added Parlewar.

He said, MSME Ministry is committed to establish Export Facilitation Cell (EFC) in each MSME-DI all over country with single window facility.

The EFC will provide hand-holding support to micro and small enterprises to establish unit and run it in SEZ as hiring consultant in which CAs will play a vital role, he mentioned.

He said, MSME Department is offering an opportunity for experienced professionals where would be empaneled as export consultants in Export Facilitation Cell where they will be required to provide services like GST registration and GST reimbursement, preparation of detailed project report, Custom Development Scheme, Export Promotion Scheme.

He further added “CAs can play a major role in new innovative project, MSME-INNO which is in collaboration with German organization which develops incubation centres where grant of up to Rs 1 crore will be provided for start-ups as seed capital.

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