MSME Ministry asks Ludhiana MSMEs to get registered to avail benefits
Updated: Jun 29, 2015 11:24:30am
The ministry, in a letter to the chief secretary of Punjab, said that MSME Development Act 2006 prescribes for filing of entrepreneur memorandum (EM) for all enterprises. The letter stated that this process has been made voluntary and entrepreneurs find difficulty in filing these in absence of proper eco system in District Industry Center (DICs).
“The manual procedure is ridden with several challenges and is not considered investor friendly. On account of the cumbersome procedure and since filing of EM is not mandatory, many MSMEs have not registered themselves and are outside the scope of services offered by the government,” stated the letter.
The ministry of MSME has now developed a web portal for online filing of EM to make the process simple. All MSME engaged in the activities of manufacturing or in providing of services not registered permanently with the state directorate of industries District Industries Center on or before March 31, 2007 are called unregistered MSME. (KNN Bureau)