New Delhi, Jan. 30 -- The Comptroller and Auditor General of India (CAG) on Thursday proposed a four-pronged strategy, simplification, digitalisation, decriminalisation, and removal of redundant laws, to strengthen the Micro, Small and Medium Enterprises (MSME) sector.

Speaking at the 'Pan-India Horizontal Audit on Ease of Doing Business (EoDB)' conclave for MSMEs, CAG, K. Sanjay Murthy said the sector is vital for economic growth, inclusive development, entrepreneurship, supply chains, and livelihoods across urban and rural India.

He noted that excessive regulatory burdens hinder competitiveness and slow industrial growth, calling for reforms spanning the Centre, States, and local bodies, reported The Hindu.

Murthy emphasised that eff...