New Delhi, June 25 -- The Expert Committee on Micro, Small and Medium Enterprises set up by Reserve Bank of India (RBI) has made wide ranging recommendations on policy and on banking and finance. The top recommendations include- a KNN exclusive:
MSME Policy
--- A National Council for MSMEs to be set-up under the Chairmanship of the Prime Minister with the Ministers for MSME, Commerce & Industry, Textiles, Food Processing, Agriculture, Rural Development, Railways and Surface Transport being members. Similar State Councils for MSMEs in States for better co-ordination of developmental initiatives.
--- A comprehensive new MSME Code (set of legislation) to put an end to territorial jurisdiction based and arbitrary inspection system to ...