The central government has simplified the registration process for the Micro, Medium, and Small Enterprises (MSME). Now only PAN Card and Aadhaar will be required for the registration of MSMEs, announced by the Micro, Small, and Medium Enterprises Minister Nitin Gadkari.
The MSME Minister shared the information while addressing a webinar on June 15, 2021. The Minister stated that there is a need to impart training to small units in the fields of entrepreneurship and other related aspects.
He further assured the full support of the center to the MSME industry and expressed hope that banks and Non-Banking Financial Companies would also come forward to provide support to the small businesses and help them sustain and expand their growth.
After getting registered, the MSME units will get priority and finance from the government.
The MSME Minister noted that MSMEs contribute significantly in the economic and social development of the country by fostering entrepreneurship and generating huge employment opportunities. He further stated that the vision of MSME aims towards building a supporting ecosystem for this sector to enhance their contribution towards a five trillion-dollar economy.