Govt to take up “Producers’ Societies” as a movement
He said the Producers’ Societies provision in the new bill would promote entrepreneurship.
These societies would be “loosely knit companies” and easy to form in the sense that “rigours of company law will be less as also (less) regulations”, he said at a function organised by the Federation of Karnataka Chambers of Commerce and Industry.
“I would like to take it (producers’ societies) up as a movement,” Moily said.
The minister also said India would come out with its own “business index” within the next six months and would identify deficiencies and address issues of hassles.
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