New Delhi, Jan. 6 -- The government is working on a multi-pronged plan for a comprehensive grievance redressal system for MSMEs and holding consultations with the industry for bringing reform in the existing law governing the sector, said Mr S.C.L Das, Secretary, Ministry of Micro, Small and Medium Enterprises (MSME).

In his address at national conference on strengthening the legal and regulatory architecture for growth of MSMEs jointly organised by Federation of Indian Micro and Small & Medium Enterprises (FISME) and Friends of MSMEs in Parliament, Mr Das said that the proposed move is aimed at mitigating the pain points for the sector and strengthening the growth enablers.

"In addition to this, there are also discussions on Insolvency...