PM Modi's 12 big announcements for small businessmen before Diwali!!!
New Delhi. Prime Minister Narendra Modi arrived in Vigyan Bhawan on Friday for the launch event of Support and Outreach Inactive (MSMEs) Event for Micro and Small Enterprises. Here PM Modi has made 12 major announcements for small businessmen. Among these, the most special 59-minute loan portal is launched. Modi Government has started new facilities for MSME loan to carry forward small business.
Let us tell you PM Modi's 12 big announcements
1-Countrywide launch of 59 minutes loan portal – Prime Minister Narendra Modi launched a 59-minute loan portal. With this, the loan process will be completed in just 59 minutes for small industries. Every GST registered MSME will be given a rebate of 2 percent interest on new loan or incremental loan amount up to Rs one crore. I spoke of the honesty of the honesty; it is an extension of the same. Now joining GST and paying tax will be your strength, you will get 2% discount in interest.
2– The government has also decided to increase the rate of interest in the pre-shipment and postal delivery period, from the increase of 3 percent to 5 percent.
3– All the companies that have turnover above 500 million have now been required to get them on Trade Receivables e-Discounting System. So that MSME's did not have trouble in cash flow in the previous year, about Rs.1, 14,000 crores of rupees were bought by government companies from different sources. The rules that were coming up so far were that government companies were required to make 20 percent of the purchase from micro and small enterprises i.e. micro and small industries.
4– The government has decided to increase this compulsory requirement of 20 percent to 25 percent now. That is, now the amount of money that the government companies buy, the share of Micro and Small Enterprises is going to increase further.
5– 5th Declaration linked to women entrepreneurs. These micro and small enterprises have increased the necessity of purchase by the same, it has also been decided that 3% of the total purchase from it, reserved for women entrepreneurs. That is, now it has become necessary for the government companies to buy at least 3% of their purchases from women entrepreneurs.
6-To strengthen this system of GeM, today the central government has made an important decision. It is now necessary for all Central Government companies to subscribe to GeM. Not only this, they will also register all their vendors-MSMEs on this platform, which will give them maximum benefit to the MSMEs in their purchase. Infinite possibilities were created for you by visiting GeM. Now with today's decision, he will be more expensive.
7-Seventh Declaration is linked to this important topic of Technological Upgradation. The government has decided that further extension of the toolroom in the country will be given more detail. For this, 20 hubs will be built across the country and 100 spokes such as Tool Room will be installed across the country. I today announce a package of 6 thousand crores for this important work.
8-The eighth announcement is linked to Pharmacy companies. MSME sector Pharmacy companies have the ability to do business; they can reach customers directly, now the decision to make a cluster has been taken. I also declare to spend 70% on these clusters by the Central Government. Today's decision of the government will also prove to be crucial for increasing production in Pharmacy sector.
9-The new announcement is linked to facilitating government processes for MSMEs. You have to give at least forms and returns; a big decision has been taken for this. 8 The returns given under labor laws and 10 central rules will now have to be given once instead of twice in a year.
10-The ninth announcement is linked to facilitating government processes for MSMEs. You have to give at least forms and returns; a big decision has been taken for this. 8 The returns given under labor laws and 10 central rules will now have to be given once instead of twice in a year.
11-11th declaration, facilitating the simplification of Environmental Clearance processes and self-certification, the Government has decided that by consolidating both these for MSMEs under air pollution and water pollution laws, only one consent will be mandatory now. The government will accept your returns on self-certification by relying on you. Routine Inspection of the Environment will be finished as Labor Department and only 10 percent of MSMEs will be inspected.
12-Under the 12th declaration, the government has made major changes in the Companies Act, providing relief from legal complications to MSMEs, so far there were such provisions in the Companies Act, there were such laws related to them, due to which small minor mistakes or unintentional On the violation, you were considered criminal, criminal. Due to these mistakes many businessmen had to go to jail for many times.In order to correct minor mistakes, you had to resort to court tricks. In all this, both your precious time and money would have been in vain, your honor was also damaged. Small and medium enterprises had a lot of trouble because of this.
