Key Points
Sections of MSMEs working across multiple states are petitioning the Union government to come up with a single window compliance and registration system, freeing them from the burden of registering for shop and trade licences as per each states' rules.. Every state has different rules for minimum wages, working hours and for registration, Belgaum Chamber of Commerce and Industry (CCI) president Hemendra Porwal told ET..
In others, they have to be renewed every year, or every three years, making it difficult for companies with presences in multiple states to comply, he said.. MSME rules, he added, should be centrally applied as most of the benefits come from the Centre anyway..
Without a single window registration system, most enterprises do not register and they are left out of the many benefits the government has for MSMEs, including collateral free-loans, reservation in government procurement, exemption from having to pay Earnest Money Deposits (EMD) while competing for government tenders, the MD of Karma Management Global Consulting Solutions said.. (You can now subscribe to our Economic Times WhatsApp channel).
