The Ministry for Road Transport & Highways and Micro, Small and Medium Enterprises recently announced simplification of process for registration of Micro, Small and Medium Enterprises where now only PAN and Aadhaar will be required for registration of MSMEs.
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In order to boost the economic activities of MSMEs, the Government had announced a special incentive package of 20 lakh crore rupees under Aatmanirbhar Bharat Abhiyan.
The MSMEs contribute significantly in the economic and social development of the country by fostering entrepreneurship and generating large employment opportunities.
With an objective of making India a global economic powerhouse, vision of MSME aims towards building a supporting ecosystem for MSMEs to enhance their contribution towards five trillion dollar economy.
