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Simplified Aadhaar based registration for MSME sector

The Government has received very good response with the recently launched simplified Aadhaar based registration system for MSME sector. Within a short period 800 registrations have been received under the scheme. This was stated by Shri Kalraj Mishra, Minister of MSME while addressing media persons here today. The minister said that under the Prime Minister’s Generation Programme (PMEGP), employment of about 118,196 persons have been generated during 2015-16. Reiterating Government’s commitment to promote Khadi sector in the country, Shri Kalraj Mishra said Government measures and Prime Minister’s encouragement to the khadi industry has helped the sector to record 17.55% growth during October 2014 – 15. The Minister also briefed the media about other recent initiatives taken by his Ministry. Full text of his brief is as follows.
Ease of Doing Business
(a) Udyog Aadhaar Memorandum (UAM) for registration of MSMEs : Based on the Hon’ble Prime Minister’s suggestion in his ‘Mann Ki Baat’, on 3.10.2014, to simplify forms to enable ease of registration of MSME’s, Ministry has notified a simple one-page registration Form ‘Udyog Aadhaar Memorandum’ on 18th September, 2015 in the Gazette of India Vide Notification Number S.O 2576 (E). The simplified one page registration form “Udyog Aadhaar” was made after consultations with the states and stakeholders. The salient features of the Udyog Aadhaar Memorandum are as under:
Ø Single Page Online Registration-Mobile friendly
Ø Self-Certification
Ø File more than one Udyog Aadhaar
Ø No documents required
Ø No fees for Udyog Aadhaar
(b) Framework for revival and rehabilitation of MSMEs: The Framework for revival and rehabilitation of MSMEs has been notified by the Ministry under Section 9 of MSMED Act, 2006 on 29/05/2015. The framework provides a mechanism for revival and rehabilitation with a definite voice to the entrepreneurs and is expected to balance the interests of debtors and creditors. The framework enables Banks/creditors to identify MSME’s which are in the stage of incipient stress and take corrective action to prevent them from becoming NPA’s. MSME’s can seek revival and rehabilitation benefit through a committee constituted by banks with representative from state Governments, experts and others.

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