The Pre-Package Insolvency Resolution Process (PPIRP) aims at revival of Micro, Small and Medium Enterprises (MSMEs) through submission of Base Resolution Plan along with the other data by the corporate applicant.
Ease of Doing Business for MSMEs: With industry reports citing a stricter lockdown in the days to come, there is fear of a higher percentage of cancellations of made-to-order items that are now lying in the showrooms.
Ease of Doing Business for MSMEs: The Centre has introduced an ordinance for a pre-packaged insolvency resolution process under the IBC Code for the MSMEs that got badly hit due to the Covid-19 pandemic.
Skilling, Labour, Talent for MSMEs: The Indian economy has envisioned to become worth $5 trillion by 2024. The Ministry of MSME has taken upon self to contribute around $2 trillion of it from the MSME sector.
Leveraging the liberalised defence production policy and the offsets clause governing imports of military hardware, micro, small and medium enterprises (MSMEs) can look at making components for the sector provided they are in
Central cabinet has approved the National Capital Goods Policy. Its plan for a three-fold increase of capital goods production to Rs 7.5 lac crore in ten years,from FY15 levels will require a huge amount of investment. As the