The Confederation of Indian Industry (CII) has demanded incentives from the central government for micro, small, and medium enterprises (MSMEs) and exporters amid the crisis in West Asia. The organization appreciated the 'timely, balanced, and coordinated' steps taken by the government and the Reserve Bank and released a 20-point agenda on Sunday.

This agenda includes suggestions for providing easy and affordable capital for MSMEs, strengthening loans and insurance for exporters, and reducing taxes on energy sources. CII's Director General, Chandrajit Banerjee, stated that the initial measures by the government and the Reserve Bank have helped stabilize market sentiment and demonstrated that the country's policy framework is robust and capable even in the face of external shocks. He mentioned that India's past experiences indicate that coordinated fiscal and monetary measures help enhance resilience.

The next phase should focus on targeted liquidity support, loan facilities, trade cost management, and foreign exchange stability. The CII's press release noted that supply-side pressures remain in energy, logistics, and trade channels. According to feedback from the industry, initial policy measures have reduced immediate impacts, but many sectors, especially MSMEs, exporters, and energy-intensive industries, continue to face operational and financial pressures.

CII has called for a credit line guarantee scheme for emergencies to provide additional working capital to MSMEs and affected sectors without collateral. It has also demanded a three-month moratorium and loan restructuring facilities for MSMEs and exporters, along with a special refinance window. The industry organization has requested an extension of contract deadlines with public enterprises by three to four months and a reduction in eligibility criteria for bank guarantees.

Additionally, it suggested increasing the working capital loan limits, especially for export-oriented units. A temporary waiver or reduction of banking fees for MSMEs has also been proposed. The organization advocated for expediting GST refunds for industries and a temporary reduction in taxes and duties on raw materials like LNG for the energy sector.

To encourage foreign investment, a temporary exemption from long-term capital gains tax has been suggested. CII has called for the development of a crisis response framework for MSMEs, linking fertilizer subsidies to the direct benefit transfer system, and providing a special foreign exchange swap facility for public oil and gas companies. It emphasized the need for flexibility in lending criteria for the primary sector, increased coordination among various institutions to strengthen export credit and insurance frameworks, and the development of a coordinated mechanism between various ministries and the industry to improve crisis monitoring and policy response.

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With the March 31 deadline approaching, there has been a noticeable surge in registrations on the Trade Receivables Discounting System (TReDS) platform by companies with an annual turnover of Rs 250 crore, as per agency report. The Ministry of Micro, Small and Medium Enterprises (MSME) had earlier set this date as the final deadline for mandatory registration on the platform.

According to a government notification, all companies with a turnover exceeding Rs 250 crore and Central Public Sector Enterprises (CPSEs) involved in procurement from MSMEs are required to register on the TReDS platform by March 31, 2025. Presently, registration on TReDS is already mandatory for all CPSEs and companies with turnover above Rs 500 crore.

Sandeep Mohindru, Director of M1xchange, stated that since the MSME Ministry's notification issued on November 7, 2024, there has been a significant rise in registration activity. He noted that the number of registration requests has more than doubled since the notification was released.

The increased participation is expected to improve liquidity for MSMEs by facilitating quicker invoice payments through the digital discounting platform.

New Delhi, March 4: Prime Minister Narendra Modi on Tuesday emphasized the need to develop new methods for loan distribution to ensure timely and low-cost credit access for over six crore micro, small, and medium enterprises across India. Addressing a post-budget webinar focused on the MSME sector, he announced a special initiative under which first-time women entrepreneurs, as well as those from scheduled castes and scheduled tribes, would be provided loans of up to Rs. 2 crore.

As per agency report, the Prime Minister stressed that enhancing credit accessibility for MSMEs is crucial for India's economic growth, as they play a vital role in employment generation and industrial development. He highlighted the necessity of creating financial mechanisms that facilitate hassle-free and cost-effective loans, enabling MSMEs to expand and contribute to the economy more effectively.

During his address, Modi also spoke about India’s rising global stature as a hub of economic growth amid an uncertain political landscape worldwide. He pointed out that the Production Linked Incentive scheme, launched across fourteen key sectors, has already attracted over Rs. 1.5 lakh crore in investments and generated total production worth Rs. 13 lakh crore. The scheme, he noted, has been instrumental in boosting domestic manufacturing and enhancing India’s global competitiveness.

Highlighting the government’s efforts to improve the ease of doing business, the Prime Minister stated that more than forty thousand compliance requirements have been eliminated at the central and state levels to streamline regulatory processes for businesses. He further urged industries to capitalize on India’s growing global economic partnerships, as countries worldwide are keen to strengthen their economic ties with India.

Modi reiterated the importance of expanding manufacturing and export opportunities, calling upon Indian businesses to seize the current momentum. With India emerging as a key player in the global economy, he emphasized that the country's manufacturing sector must leverage this opportunity to drive further industrial and economic progress.

New Delhi (India), June 13: The MSME Business Excellence Award 2024 was held at the Sarovar Portico in New Delhi, on 8th June 2024 – organized by the esteemed Yellow Achiever’s Award. The event honored outstanding MSME companies and entrepreneurs who have excelled in various fields, celebrating their significant contributions to the economy.

The ceremony was graced by chief guest Vindu Dara Singh, a renowned Bollywood actor, and Shri Jatinder Singh Shunty, Padma Shri awardee. Their presence added a touch of prestige to the event, inspiring attendees and awardees alike.

The organizers emphasized the importance of this platform for MSME entrepreneurs, expressing that the ceremony would inspire them to work harder and expand their businesses. The event was attended by dignitaries from various sectors, further underscoring its importance and impact. Notable attendees included Ernest Nana Adjei, Minister-Counsellor Political & Economic, Ghana High Commission; Dr. Anver Hamdani, Minister Counsellor, Sri Lanka High Commission; Dr. Manish Singh, Ex-Vice President Delhi Cantonment Board, Ex-State President Purvanchal Morcha BJP, Delhi; Bhishma Singh, Chairman; Jitender Singh Shunty, Padma Shri Awardee, Founder – Shaheed Bhagat Singh Seva Dal; Prof. (Dr.) Rajiv Mishra, Additional Director, Foreign Cooperation Department, Government of Haryana, Dean | School of Hospitality and Tourism, Galgotias University; Prof. Lalit Kumar Sagar, Vice Chancellor, Venkateshwara Open University; Dr. Ajay Kumar Karn, Director – SDRS, New Delhi; Sonam Yonden, Principal – Vajra Vidhya Institute, Sarnath, Varanasi; and Vidya Sagar, Senior Space Scientist (VR), COO iAsiaNewsMusic.

Yellow Achiever’s Awards is where excellence meets recognition in the world of business. The organization is passionate about fostering a culture of excellence and acknowledging those who set the benchmark for success. By organizing prestigious awards synonymous with excellence, Yellow Achiever’s Awards serves as a testament to the exceptional efforts and contributions made by distinguished entities.

The MSME Business Excellence Award 2024 continues to set the standard for recognizing and celebrating the exceptional contributions of MSMEs and entrepreneurs, fostering a culture of innovation and excellence. This event not only acknowledges their achievements but also encourages them to reach new heights in their respective fields.

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New Delhi (India), March 8: RepuNEXT, a leading provider of digital marketing and branding solutions, proudly announces a string of accolades and achievements, reaffirming its commitment to innovation, quality, and client satisfaction. From prestigious industry awards to record-breaking sales achievements, RepuNEXT continues to set new benchmarks in the realm of digital transformation.

Award-Winning Excellence

In a testament to its unparalleled service quality, RepuNEXT was honored with the “Successful Business of the Year 2022 – SEO & Branding” award by the Indian International Victory Awards (IIVA). This recognition highlights RepuNEXT’s expertise in enhancing online visibility and brand recognition through innovative SEO strategies and branding initiatives.

Further cementing its position as a leader in the digital marketing landscape, RepuNEXT received the esteemed “Indian Achievers Award 2023” for its outstanding professional achievement and contribution towards nation-building. This recognition underscores RepuNEXT’s impact on empowering businesses and driving economic growth through its comprehensive digital solutions.

Record-Breaking Achievements

RepuNEXT’s commitment to excellence was further validated by its inclusion in the Iconic Book of Records 2023 for “Excellence in Affordable Branding Services.” This recognition showcases RepuNEXT’s dedication to providing high-quality branding solutions at affordable prices, democratizing access to digital marketing for Micro, Small, and Medium Enterprises (MSMEs).

Consistently hailed as one of the top web designers in Chennai from 2021 to 2023, RepuNEXT continues to push boundaries and redefine industry standards. Its relentless pursuit of excellence was recognized with the MSME Affordable Excellence Award in 2024, underscoring its impact on transforming businesses through affordable yet impactful digital strategies.

Visionary Leadership

At the helm of RepuNEXT’s success is Praveen Dilip S., a seasoned digital marketing expert and visionary leader. With a diverse educational background spanning sociology, management, and computer applications, Praveen brings a unique blend of creativity and technical acumen to the digital marketing landscape.

Praveen’s illustrious career journey reflects his unwavering commitment to driving innovation and fostering growth. As the Managing Director of RepuNEXT, he has redefined the company’s digital strategy, spearheading marketing initiatives that have propelled businesses to new heights of success.

Empowering MSMEs for a Digital Future

RepuNEXT’s core mission revolves around empowering Micro, Small, and Medium Enterprises (MSMEs) for success in the digital age. Through a comprehensive suite of affordable digital solutions, RepuNEXT enables businesses to enhance their online presence, drive customer engagement, and achieve sustainable growth.

With a global footprint spanning India, USA, Canada, UK, Australia, and Dubai, RepuNEXT is committed to democratizing digital transformation for businesses worldwide. Its innovative approach, coupled with a steadfast dedication to client satisfaction, has earned RepuNEXT a reputation as a trusted partner in driving digital success.

Upcoming Innovations

Looking ahead, RepuNEXT is poised to revolutionize the digital landscape with the launch of pioneering Human-Like AI services for company branding and AI Human Video Synthesis. Leveraging cutting-edge AI technologies, these services will enable businesses to create engaging, visually striking content that resonates with their target audience.

As RepuNEXT continues to push the boundaries of digital innovation, its commitment to empowering MSMEs remains unwavering. Through quality, affordability, and innovation, RepuNEXT is shaping the future of digital marketing, one success story at a time. Please Visit for more information : https://www.repunext.com/

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New Delhi (India), September 19: The World Association for Small and Medium Enterprises (WASME) recently hosted the prestigious World MSME Business Summit 2023, an event that brought together leaders, visionaries, and innovators from across the globe. The summit, was held at the auditorium, Scope Convention Centre, Lodhi Road, New Delhi, on Friday, 15th September 2023, centered around the theme, “Empowering MSMEs: Navigating Opportunities, Overcoming Challenges, and Celebrating Success.” It provided a vital platform for the exchange of ideas, exploration of policy reforms, and recognition of excellence within the MSME sector.

The event began with a warm welcome from Dr. Sanjiv Layek, Executive Secretary of WASME, who extended his heartfelt greetings to all dignitaries and delegates present. Dr. Layek’s words highlighted the significance of the MSME sector in today’s rapidly evolving business landscape. The summit featured a distinguished array of Guests of Honour, including ambassadors and prominent personalities from various countries and sectors. The esteemed guests included H.E. Ms. Lalatiana Accouche, High Commissioner, Embassy of Seychelles; H.E. Alejandro Simancas Marin, Ambassador, Embassy of the Republic of Cuba; and Mr. Rajesh Maheshwari, CEO of NABCB, Quality Council of India (QCI), New Delhi.

The highlight of the summit was the “Knightwood Award – Felicitation Ceremony for Your Excellencies” which recognized the outstanding contributions of esteemed dignitaries. The awardees included H.E. Mrs. Katharina Wieser, Ambassador, Embassy of Austria; H.E. Mr. Claudio Ansorena Montero, Ambassador, Embassy of the Republic of Costa Rica; H.E. Ms. Jacqueline MUKANGIRA, High Commissioner, Republic of Rwanda; H.E. Ms. Yasiel Burillo, Ambassador and Consul General, Embassy of Panama; H.E. Mr. Demeke Atnafu Ambulo, Ambassador, Embassy of the Federal Democratic Republic of Ethiopia; H. E. Mrs. Dillah Lucienne, Ambassador, Embassy of Chad; H.E. Ms. Lalatiana Accouche, High Commissioner, Embassy of Seychelles; H.E. Mrs. Joséphine Patricia Ntyam-ehya, Chargé d’Affairs a.i, Embassy of Gabon; H.E. Mr. Yawo Edem AKPEMADO, Chargé d’affaires, Embassy of the Togolese Republic; H.E. Deliwe Mumbi, Acting High Commissioner, Zambia High Commission; and H.E. Alejandro Simancas Marin, Ambassador, Embassy of the Republic of Cuba.

Additionally, the summit featured significant announcements from WASME, including the unveiling of the 27th ICSME 2023 in Dubai, UAE, serving as an international stage for networking and collaboration, furthering global MSME development. Another notable announcement highlighted the economic potential of Rwanda as “The Gateway for Africa, Europe, and Asia,” showcasing opportunities for international collaborations in the region.  

The event concluded with the “World MSME Business Awards 2023 Felicitation Ceremony for Achievers,” honoring about 80 exemplary individuals and organizations. Furthermore, a special address on “How IVF Industry is evolving and its Future in India” by Dr. Kaberi Banerjee, a respected authority in the field, and a book launch ceremony for “Nano Delights: Unveiling the Vibrant World of Delhi’s Street Food Vendors in ‘Sizzling Streets’ authored by Mr. Rony Banerjee from Advisor at E & Y, added depth to the summit.

The list of Awardees: 

Vedic Cosmeceuticals Pvt. Ltd.- Best Contract Manufacturer of Beauty & Personal Care

Marg ERP Limited- Best ERP Solution for Digital Transformation

Supreme Woods- Best Teak Wood Furniture Manufacturers in India

JCS Projects Pvt. Ltd. – Leading Innovative Company in Education Industry

Outsource Pro India Pvt. Ltd. – Company of The Year for Managed Outsourcing Services

Advance Fertility and Gynaecology Centre- Leading IVF Centre In India

Dr. Siddharth Bhattacharya, Sr HR Leader, Comcast Corporation- HR Leader of the Year

eassyserve- Innovative E- commerce Company of The Year

Aspen Hospitality- Leading Resort Chain of The Year

TalBrum- Best Emerging Company in HR Tech Industry

VueNow Infotech Pvt. Ltd.- Fastest Growing Edge Data Centre Company

Vision Sports Reconnect Pvt. Ltd.- Best Sports Management Company

Mudit Dadhich, Director, Markmybrand- Pioneering Start-Up Legal Professional of The Year

Adhyyan Books- Fastest Growing Publishing House Of 2023

Dawan Group- Leading Company in The Foreign Trade Industry

WP Event Manager- Fastest Growing WordPress Product Company

Tech Jobs Fair- Global Tech Event of The Year

Upmarket Academy- Financial Education Academy of The Year

Wild Creek Web Studio- Leading Company in SEO Consulting

Thorecoin (Thore Network)- Outstanding Contribution to Blockchain Development 2023

Prathap JC, Founder & CEO, Edu Innate- Innovative Educator of The Year

Health Innov8 (Dial HealtHMED Technologies LLP) – Most Emerging Startup in Beauty & Wellness

Labourhome- Labor Force Integration Innovator

Alok Ranjan, CEO, Flipcarbon Integrated Solutions- Top Performing MSME Of the Year

Diwakar Bishnoi, CEO & Managing Director, Vishal Technopower Pvt. Ltd.- Emerging Leader in Electrical EPC 

Surety Seven Technology Pvt. Ltd.- Leading Innovative Company in Insurance Industry

Da Ring Maker (Hanumant Diamond)- For Excellence in Diamond Jewellery

Gabbar Chai- Iconic Chai Chain of India

Call 2 Mechanic – Best Emerging Startup in The Automobile Service Industry 

DND Adhesives & Technologies Pvt. Ltd.- Emerging Manufacturer of Building Products & Machinery

Moksh Events Pvt. Ltd.- Emerging Destination Wedding Management Company of The Year

SRAF Proteins Private Limited- Most Trusted Poultry Brand of The Year

STG Journey- Leading Company in Corporate Travel Management

British Clean – Emerging Brand in Cleaning Industry 

Durand Forms India Pvt Ltd- Exceptional Contribution to Advanced Framework Design

Rishiraj Media- Best Experiential Marketing Agency

Makoons Play School- Preschool Franchisor of The Year 2023

King Hills Vacation Private Limited- Startup of The Year in Travel Industry

Textify Digitals Pvt. Ltd.- Fastest Growing Company in CPaaS (IT Sector)

Texaro Sanitaryware- Fastest Growing Brand in Sanitaryware

Genleap Ecosystems Pvt Ltd.- Excellence in Indian Genetics Industry

Genleap AI, Inc. USA – Company of The Year for Innovation in Genetics

Republic Motors- Fastest Growing EV Manufacturer’s

Regalo Kitchens- India’s Best Modular Kitchen Company

Dr. Kislay Panday- Leading Corporate Lawyer of India

Sudarshan Sabat- Best Mind Trainer of India 2023

Gharana Stays LLP- Best Events Venue Providers in Rajasthan

Ready Steady Go Kids India- Leading Global Early Childhood Sports Program Franchise

Kunal Singh Dabi, Founder, KD Digital- Best SEO Specialist in India For MSMEs 2023

Kreative Writes- Best Instagram Marketing Agency of The Year 2023

Dhurya Broadcasting Private Limited- Best Emerging Digital Media & Broadcasting Company

PVP Metal and Alloys- Best Supplier for Metal & Alloy Products

Endeavour- Best Pharma Educational Institution of The Year

AK Steels- Leading Steel Manufacturer of Flat Bar & Round Bar of The Year

Smita Das Jain, Executive Coach & Personal Empowerment Coach- Best Executive Coach for Professionals & CXOs

Dr. Lalit Arora, Founder & CEO, KW Academy of Excellence- Best Network Marketing Coach 

Dharmendra Kumar, Managing Director, JDSS Security Solutions Pvt. Ltd.- Best Emerging System Integration Company 

Himanshu Agarwal, Founder, Internet Coaching Empire- Best Digital Coach 

Nikhilesh Tiwari- Fintech Leader of The Year 22-23

Ekta Paliwal, Founder, Newsmaker Media and Communications- Public Relations Agency of The Year

Rohita, Managing Director, Verbena Engineering India Pvt. Ltd. – Best Life Safety Product of The Year

Dr Andy Anil, Founder & CEO, Disha Kiran Private Limited- Entrepreneur with Maximum Social Impact

Tarot – Tree of Life- Most Profound Healing & Spiritual Guidance Studio of India 

Moris Media- Best PR Agency Excellence of The Year

Dr Pankhuri Gautam Pathak MS, DNB, FMAS- Pioneering Gynae Laparoscopic Surgeon

Soothing Crystals- Best Company for Gems and Crystals

Expert DigiPro- Best Quality Training Company in Delhi NCR

Adorish India Private Limited- Best Express Logistics Service Provider

Stratum Cosmoceuticals- Most Trusted Cosmetic Formulators

Manojava- Outstanding Exporter of the Year

SEOSPIDY- Best Performance Marketing Agency

Media Contact :

Heylin Spark

Website: https://heylinspark.com

Contact Number: 011-6965 4833

Email: info@heylinspark.com

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New Delhi (India), September 7: C2FO, the world’s on-demand working capital platform, is proud to announce its collaboration with the Business 20 (B20) and inclusion in a major policy paper published at the 2023 B20 meeting in New Delhi, India. The B20 is the official dialogue forum between the global business community and the G20, the key forum for intergovernmental leaders around the globe. The paper addresses the challenges micro, small and medium-sized enterprises (MSMEs) face in accessing working capital and provides global leaders with actionable recommendations for achieving sustainability targets with inclusive long-term employment and economic growth.

This initiative was led by the vice-chair of the Business at OECD (BIAC) Finance Committee, Gianluca Riccio, CFA, with guidance from other leaders across the private and public sectors globally. This is the second consecutive year that a major policy paper from the B20 highlights C2FO’s platform as a critical solution for the biggest challenges faced by MSMEs and the global economy. 

“The importance of MSMEs to the global economy cannot be overstated, and it’s incredibly important to see both the challenges and solutions being addressed in this global forum,” said Alexander “Sandy” Kemper, C2FO’s founder and CEO. “We work hand in hand with MSMEs, and increasingly with governments, around the world every day to address the need for working capital to drive economic growth and prosperity, and we’ve seen the power of solutions, like ours, that work. As the paper’s recommendations are incorporated, the global economy will benefit.”

The paper highlights several global studies that show the pivotal role working capital plays in fostering economic growth and job creation. A recent study from the Bank of Italy suggests that increasing working capital could lead to a boost of 0.5% to 0.7% in economic growth. Similarly, a 2022 McKinsey Global Institute study commissioned by C2FO found that Mexico could experience a 1.1% growth in its gross domestic product (GDP) by implementing a working capital platform on a national scale. According to an International Finance Corporation study, $1 million in funding to small and medium enterprises (SMEs) is connected to the creation of 16.3 permanent jobs on average.

C2FO’s impact on MSMEs goes far beyond research, however. The tangible impact of working capital programs is evident through the $300 billion in funding C2FO has provided to businesses worldwide since its founding, a milestone it achieved in July 2023. In the past three years, more than $25 billion of that low-cost working capital went to nearly 30,000 businesses in 41 countries categorized by the United Nations as “economies in transition.” 

“We are dedicated to solving the challenges MSMEs face in every country,” said C2FO’s head of India, Basant Kaur. “As a key demonstration of our National Platforms for Working Capital initiative, last year C2FO received an In-principle approval from the Reserve Bank of India to become an official trade receivables discounting system (TReDS). Our customers and the nearly 200,000 suppliers on our platform in India know that when they partner with C2FO, they are working with a recognized global leader dedicated to creating opportunity for businesses.”

In addition to C2FO’s work with the B20, the company is an active member of the SME Finance Forum. As a member of this global network, C2FO engages in dialogue about policy changes to promote SME financing worldwide. Kemper will speak on Sept. 12 during the organization’s premier conference in Mumbai, India, focusing on the role of digital platforms in SME financing. 

C2FO remains committed to ensuring every business has access to the capital it needs to thrive. To learn more, visit c2fo.com.

About C2FO

C2FO is the world’s on-demand working capital platform, providing fast, flexible and equitable access to low-cost capital to nearly 2 million businesses worldwide. Using patented Name Your Rate® technology and a suite of working capital solutions, companies can get paid sooner by the world’s largest enterprises — unlocking billions in risk-free capital. With a mission of ensuring that every business has the capital needed to thrive, C2FO has delivered more than $300 billion in funding around the world. Founded in 2008 and headquartered in Kansas City, USA, with offices around the globe, C2FO is working to build a better, more inclusive financial system every day. To learn more, visit C2FO.com.

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Ahmedabad — In a move aimed at expediting the settlement of delayed payments to MSME (Micro, Small and Medium Enterprises) entrepreneurs, the Gujarat State Government has announced the formation of five Regional Councils. This decision comes as an extension to the Central Government’s existing Micro and Small Enterprise Facilitation Council (MSFC) based in Gandhinagar, which has been tasked with resolving payment delays for entrepreneurs statewide.

Until now, all applications regarding delayed payments were processed by the MSFC at Gandhinagar. To make this process more efficient and responsive to local needs, the state government has taken the initiative to establish these regional councils. "The aim is to make the work of entrepreneurs easy and quick," stated the State MSME Commissioner's office.

The new councils will be located in key industrial hubs: Ahmedabad, Vadodara, Surat, Rajkot, and Bhavnagar. In each of these councils, the Resident Additional Collector (RAC) will serve as the chairman. The General Manager of the District Industries Centre will assume the role of Member Secretary. These Regional Councils will operate under the jurisdiction of the District Industries Center Office in their respective regions.

This decision is expected to significantly cut down the time required for the resolution of delayed payments to MSME entrepreneurs. By delegating responsibilities to regional councils closer to the industrial areas, the state government aims to provide quicker and more targeted solutions to local business issues.

The move has been widely appreciated by the business community, as it aligns with the broader objectives of streamlining governmental processes and bolstering the MSME sector, a crucial engine for the state's economic growth.

Lucknow, March 22 (IANS) The Uttar Pradesh government has tweaked its Micro, Small and Medium Enterprises (MSME) policy, making it mandatory for private investors to provide bank guarantee to avail stamp duty exemption.

According to the notification issued by additional chief secretary, MSME, Amit Mohan Prasad, a bank guarantee equivalent to the stamp duty exemption will be deposited and released after the unit begins commercial production.

The district magistrate or the general manager of the district industries centre will confirm the commencement of production, it says.

The state government has made a provision for 100 per cent stamp duty exemption on purchase of land for MSME industrial parks, estates and flatted factory complex units spread over 10 acres of land or more by the private sector.

In addition to this, there are other provisions for exemption in stamp duty for MSME units. The state government approved the MSME policy in October 2022 in a bid to encourage small units.

According to the government spokesman, any investor willing to set up an MSME industrial park in 10 acres or more will get exemption from all stamp duties. Flatted factory complex units will also be exempted from stamp duty on purchase of land for setting up of units.

In addition to this, 100 per cent stamp duty exemption will also be provided for the MSME industrial units in Bundelkhand and Purvanchal.

This relaxation will be 75 per cent in Madhyanchal and Pashchimanchal except in Gautam Buddha Nagar and Ghaziabad where it will be 50 per cent.

Female entrepreneurs will get 100 per cent exemption for setting up a unit anywhere in the state.