Govt extends feedback deadline for draft MSME Policy till March 31

New Delhi, Mar 23 (KNN) The MSME Ministry has further extended the deadline for feedback from stakeholders on the draft National MSME Policy by two weeks. 

According to the notification published on the MSME Development Commissioner's website today, the last date for receiving comments from all stakeholders, industry associations, MSME units, and the general public on the draft document has been extended to March 31, 2022. 

The ministry had earlier this month also extended the deadline from February end till March 15. 

The draft policy was released by the government in February inviting feedback on the measures suggested to promote competitiveness among MSMEs, boost technology upgradation, cluster and infrastructure development, procurement of MSME products and provide dedicated credit support. 

The key focus areas in the draft policy includes setting Standard Operating Procedures (SOP) for registration of MSMEs, creating more facilitation councils, having uniformity in various loan application formats, setting up a “focused institution” to encourage technology development among MSMEs, enabling data analytics for MSME related data, linking clusters with the transport infrastructure, establishing a Cell in the District Industries, and aligning MSMEs with a Fast Track Corporate Insolvency Resolution Process. (KNN Bureau)