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Suggestions on the draft national policy for MSMEs by NASSCOM

NASSCOM submitted suggestions to the Ministry of Micro, Small and Medium Enterprises (MSMEs) in response to the consultation on the Draft National Policy for MSMEs. Our submission focussed on making the draft policy more robust and leverage the digital economy for inclusive growth.

We made the following suggestions:

  1. Set-up a helpdesk at the local (town or city) level, that can serve as a one-stop shop for guiding MSMEs through their legal and regulatory queries, information on government benefits and schemes etc.
  2. Leveraging the digital economy for access to credit: encourage regulated digital lending platforms to disburse loans to MSMEs.
  3. Leveraging various online platforms such as digital payment apps, e-commerce platforms etc. to help getting more MSMEs to get registered on the Udyam platform.

CT Bureau

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