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 schemes of Ministry of MSME are made available through the web portals of Ministry and its attached and field offices. The field offices of the Ministry of MSME, located in various States and Union Territories inter-alia also create awareness about the schemes through seminars/workshops and meetings with Industry Associations.

MSMEs and Startups: Government Cuts Red Tape

Government has undertaken a systematic exercise across Central Ministries/Departments and States/UTs to eliminate or reduce compliances which have an adverse impact on time and cost of businesses including MSMEs and Startups.

Special Economic Zones (SEZs) have the facility of single window clearance mechanism along with a dedicated Customs wing for faster approval and clearance of goods and services supplied by the SEZ units for export as well as to Domestic Tariff Area (DTA). As far as EOUs are concerned, faster clearances are available for export and there is also time-bound procedure for DTA sale permission, which is granted within 2 days as per the provisions contained in existing Foreign Trade Policy 2015-20 read with Handbook of Procedures.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash, in a written reply in the Lok Sabha today.

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.




News posted by

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.

Comments :


More »

Popular News





CCI Pro



Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details