Norms for Startup MSMEs Relaxed
Norms for Startup MSMEs Relaxed
Government
has decided to relax the norms for Startup MSMEs. According to the
decision, if the MSMEs can deliver the goods and services as per
prescribed technical & quality specifications, the norms on prior
experience and prior turnover will be relaxed for them. This will help
the Startup MSMEs to take part in the mandatory 20% public procurement
from MSMEs. The relaxation has been made to create a conducive
environment for the startups in India, which is high on the agenda of
the Government.
To ensure better implementation of Quality Management Standars/Quality
Technology Tools scheme under the National Manufacturing Competitiveness
Programme of the Government, Ministry has decided to conduct two
International Study Missions in colloboration with Confederation of
Indian Industry and Consultancy Development Corporation during this year
as well as in the next financial year. 100 Awareness Campaigns will be
organised in the States across the Country through MSME-DIs and other
Expert Organisations in the next financial year. 4 Metro Level
Workshops at Delhi, Chennai, Mumbai, Kolkata and one National Level
Workshop at Delhi will be organised in the next financial year.
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