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12/05/2022 05:17pm

New MSME Policy on anvil in Rajasthan

image New MSME Policy on anvil in Rajasthan

Jaipur, May 12 (KNN) To boost the industrial development and employment opportunities, the Rajasthan government is working on a new Micro, Small and Medium Enterprises (MSME) policy.

The policy will protect the MSME sector with new incentives and facilities, said State Industries Commissioner Mahendra Kumar Parakh.

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Some of the significant features being considered for the new policy formulation are single window system, industrial clusters, smart industrial areas and easy availability of finance, said the Commissioner at the policy meeting.

The State government will include suggestions for infrastructure development for industries, training for capacity building, better marketing support etc.

To ensure an inclusive and sustainable growth and competitiveness of MSMEs a cluster development approach is also expected to be adopted in the policy.

Industry body representatives from the Confederation of Indian Industry (CII), Federation of Rajasthan Trade and Industry, PHD Chamber of Commerce and Industry, Bagru Industries Association and Vishwakarma Industries Association also gave suggestions for the new policy at the meeting.

The previous policy (2015-2019) majorly focused on a combination of both fiscal and non-fiscal interventions and facilitated the budding entrepreneurs. (KNN Bureau)

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