Latest Breaking News On - ஜெர்மன் பிரான்ஸ் - Page 13 : comparemela.com

Share on At 2 lakh+ Micro, Small and Medium Enterprises (MSMEs), the sector forms the backbone of manufacturing in Punjab, and has witnessed focussed efforts from the state government in promoting its growth.. For instance, last year, the state passed the Punjab Right to Business Act 2020. The Act aims to enable ease of doing business (EoDB) for the newly-incorporated MSMEs through an enabling ecosystem for self-declaration, exemptions, speedier approvals, and inspections to establish and operate in the state. In addition, it has also implemented reforms such as removing imprisonment terms, building flexibility and reducing oversight in labour rules, and pursuing a data-driven assessment of service delivery delays. These efforts are aimed towards facilitating a seamless regulatory environment for MSMEs and thereby making entrepreneurship easier in Punjab.

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