New Delhi, Nov. 17 -- A high-level committee led by NITI Aayog member Rajiv Gauba has recommended 17 reforms aimed at reducing regulatory and financial burdens on Micro, Small and Medium Enterprises (MSMEs).

The proposals, currently under examination by relevant ministries and departments, seek to improve credit access, simplify compliance under the Companies Act, streamline tax procedures, expedite payment dispute resolution, and ease Corporate Social Responsibility (CSR) obligations, reported TOI.

The committee has also outlined indicative timelines for implementation.

To strengthen credit flow, the panel has suggested expanding the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to include manufacturing medium e...