Centre undertakes systematic exercise to reduce compliances which have adverse impact on MSMEs / Startups



Quick Summary
The Central Government is actively working to reduce bureaucratic hurdles and simplify processes for Micro, Small, and Medium Enterprises (MSMEs) and startups. This systematic exercise aims to eliminate or lessen compliances that negatively affect businesses' time and expenses. The initiative aligns with the 'Minimum Government - Maximum Governance' principle, promoting online services and reducing direct interaction with authorities.

INFORMATION OF VARIOUS SCHEMES Central Government follows the principle of Minimum Government - Maximum Governance, under which efforts are being made to reduce public interface with government authorities and provide information, as far as possible through online modes. The details about the sch
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FAQ :

The government is undertaking a systematic exercise to reduce or eliminate compliances that have an adverse impact on the time and cost of businesses, particularly MSMEs and startups.

The government is following the principle of 'Minimum Government - Maximum Governance'.

Information about schemes is made available through web portals of the Ministry and its attached and field offices, with efforts to provide it through online modes as much as possible.

SEZs have a single-window clearance mechanism and a dedicated Customs wing for faster approval and clearance of goods and services.

Yes, EOUs have faster clearances for exports and a time-bound procedure for Domestic Tariff Area (DTA) sale permission, which is granted within 2 days.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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