The committee tasked with drafting a comprehensive policy for the country’s micro, small and medium enterprises today submitted its report.

The one-member panel of former Cabinet Secretary Dr Prabhat Kumar submitted the report on formulation of a National MSME Policy to Union MSME Minister Kalraj Mishra here.

The country does not have an MSME policy till date.

Mishra appreciated the efforts made by Kumar in meeting various stakeholders in different parts of the country before submitting the report. He also desired that the report be examined by the Ministry for further action.

“We will put up the draft policy in public domain for inviting suggestions from various stakeholders before finalising it,” a senior MSME Ministry official told PTI.

At the moment, there is no integrated approach for the development of MSMEs despite the fact that the sector accounts for 40 per cent of India’s manufacturing and 45 per cent of exports.

Source: Business Standard