Summary:
The industrialists said such stringent rules had been “deliberately” made by the government so that most MSME sector was deprived of getting the benefits. There are about 6.5 crore MSMEs, of which 5.5 crore units are of micro status, operational in different parts of the country. The norms are too strict to be followed with high levels of management, system, etc. It is not going to provide any benefit to most MSMEs,” said Jindal. “If only a handful of persons are getting the benefits, then there is no use of motivating others to avail the facility,” said Kular..