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.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
Stay updated with all the Latest Ludhiana headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.