INSUBCONTINENT EXCLUSIVE:
Minister for MSMEs Nitin Gadkari has suggested a rating system for small industriesGovernment has suggested a rating system for micro, small
and medium enterprises (MSMEs) and a dashboard for their effective monitoring
methodology should be evolved to give ratings to MSMEs having good turnover.Also GST records should also be maintained of such entities, to
enable them to get finances from banks and institutions, Mr Gadkari added.The minister said the whole world now wants to invest in Indian
for monitoring schemes to prevent delays in decision making
nearly 30 per cent to country's GDP and provide employment to more than 11 crore people which in terms of volume is second only after the
agricultural sector."It is time to make our system transparent, time bound, result oriented and performance oriented and help appropriate
entrepreneurs with good track record," he said.
