Bhopal

MP eyes big returns

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Global Investors Summit got underway at Indore on Wednesday with convention of micro, small and medium enterprises. The convention was inaugurated by Union Minister for Micro, Small and Medium Enterprises Kalraj Mishra while lok Sabha Speaker Sumitra Mahajan presided over it.

At the programme, Chief Minister Shivraj Singh Chouhan and Union Minister Kalraj Mishra made several announcements for micro, small and medium industries. The important announcements at MSME convention are as follows:

  • Madhya Pradesh to have separate ministry for micro, small and medium industries
  •  laghu Udyog Samvardhan Board headed by Chief Minister to be constituted for micro, small and medium industries
  •  Around 30 to 40 incubation centres will be opened in the state for training entrepreneurs
  •   A tool room costing `150 crore will be established
  •   500 incubation hubs and 15 tool rooms to be opened in nation
  •  Scheme for submitting only one self-declared return by industrialists will be implemented in Madhya Pradesh.
  •  Time-limit will be fixed for issuance of licence, registration.
  •  Only one register will be maintained in place of 61 registers under 16 labour laws.
  •  Only 2 returns to be filled in place of 13 returns
  •  Micro industries will be freed from provisions of 9 labour laws.
  •  Standing Order Act will be applicable to small industries if number of employees is over 50.
  •  `00 crore Venture Fund will be instituted for innovative enterprises
  •  Minimum 20 percent land will be reserved for small and cottage industries in industrial areas.
  •  Ancillary units working with major industries to be given facilities equal to major ones
  •  loan subsidy limit for small industries increased from `20 lakh to `35 lakh
  •  Special facility for setting up industries by deeming development blocks as backward in place of districts
  •  Online arrangements for obtaining consent from Pollution Control Board, nod from Food & Drug Controllers and licence
  •  Renewal of consent from Pollution Control Board will now be valid for 5 to 15 years
  •  Manufacturing certificate now once in 5 years
  •  Performance certificate will be issued within 3 days
  •   Book ‘land Bank-2014’ released
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