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Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has called for creation of ratings system for MSMEs and Dashboard for effective monitoring of MSME schemes. Addressing a webinar by Chamber of Indian MSME, CIMSME, he said simple and transparent methodology should be evolved to give ratings to MSMEs having good turnover, GST records to enable them to get finances from the banks and institutions. The Minister said the whole world now wants to invest in Indian industry and with e
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FAQ :
Shri Nitin Gadkari has called for the creation of a ratings system for MSMEs and a dashboard for effective monitoring of MSME schemes.
The ratings system aims to provide a simple and transparent methodology to rate MSMEs with good turnover and GST records, enabling them to secure finances from banks and institutions and attract foreign investment.
The dashboard is proposed for monitoring MSME schemes to prevent delays in decision-making and ensure timely support, with SIDBI asked to make decisions within three months.
MSMEs contribute nearly 30 percent to the country's GDP and provide employment to over 11 crore people, making them the second-largest employment provider after the agricultural sector.
Gadkari emphasised new thinking, out-of-the-box ideas, new technology, and research in agricultural, rural, and tribal areas for employment generation.
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