The Global Alliance for Mass Entrepreneurship found 1,178 such offenses punishable by imprisonment and that a median MSME with 100 workers has 452 compliances, has to maintain 50 labour registers, etc
Share on
At 2 lakh+ Micro, Small and Medium Enterprises (MSMEs), the sector forms the backbone of manufacturing in Punjab, and has witnessed focussed efforts from the state government in promoting its growth.. For instance, last year, the state passed the Punjab Right to Business Act 2020. The Act aims to enable ease of doing business (EoDB) for the newly-incorporated MSMEs through an enabling ecosystem for self-declaration, exemptions, speedier approvals, and inspections to establish and operate in the state. In addition, it has also implemented reforms such as removing imprisonment terms, building flexibility and reducing oversight in labour rules, and pursuing a data-driven assessment of service delivery delays. These efforts are aimed towards facilitating a seamless regulatory environment for MSMEs and thereby making entrepreneurship easier in Punjab.
Punjab,: Capt. Amarinder Singh, Hon’ble Chief Minister of Punjab today announced a slew of reforms the State Government has initiated to reduce the regulatory burden on MSMEs in Punjab. The reforms are based on the GAME EoDB Taskforce’s report titled “Transforming EoDB for MSMEs in Punjab”, which proposed data-informed regulatory changes to rationalize, digitize, and decriminalize the regulatory landscape. GAME signed an MoU in November 2020 with the Government of Punjab to showcase the state as an ‘Ease of Doing Business for MSME’ lighthouse in partnership with Omidyar Network India, an investment firm focused on social impact, under their ReSolve Initiative.
Share on
Karnataka chief minister B.S. Yediyurappa launched ‘Xcelerator Bengaluru’ developed by Global Alliance for Mass Entrepreneurship (GAME), Ubuntu Consortium and the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), to focus on women entrepreneurship as a growth driver for Karnataka
Today, Karnataka is home to hundreds of organisations that are working towards strengthening the entrepreneurial ecosystem in the state. From policy advocacy, financial assistance, promotion and development support to promoting entrepreneurial talent, each of these organisations have different focus areas and strategies to achieve that goal.
Interestingly, while some of them like FKCCI were founded more than 100 years ago and have been actively promoting the cause of trade and industries in Karnataka by guiding members, helping in policymaking and deliberating on matters of regulation and taxation, others like GAME and Ubuntu Consortium are fairly new entrants. Established in
Yediyurappa unveils Xcelerator Bengaluru to boost women entrepreneurship
By IANS |
Published on
Wed, Mar 10 2021 23:27 IST |
0 Views
Bengaluru: Defence Minister Rajnath Singh with Chief Minister of Karnataka BS Yediyurappa, Union Minister DV Sadananda Gowda, Bipin Rawat Chief of Defence Staff, Karambir Singh,Chief of the Naval Staff of the Indian Navy and others during inauguratio. Image Source: IANS News
Bengaluru, March 10 : Karnataka Chief Minister B.S. Yediyurappa on Wednesday unveiled Xcelerator Bengaluru to help women entrepreneurs grow across the state. The Xcelerator Bengaluru initiative will help 50,000 women entrepreneurs across the state to grow their business over the next 3 years, said Yediyurappa on the occasion.