New Delhi : The Centre is taking special steps to boost the growth of Micro, Small and Medium Enterprises by easing rules to facilitate the ease of doing business and providing them better access to credit for expanding their business operations, according to an official statement issued on Sunday.
The Centre’s Bureau of Indian Standards, which implements Quality Control Orders (QCOs) issued by various ministries, gives special exemptions and relaxations for MSMEs, to ensure that the QCOs do not disrupt domestic production, the statement said.
Some of the key relaxations and exemptions include an additional 3 to 6 months extension in time for Micro and Small Enterprises (MSEs) and an exemption for imports by domestic manufacturers for producing export-oriented products.
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