ENA MSME 2018-02-26 05:34:15 <p><strong>New Delhi, Feb 26 (KNN)</strong> Eyeing at encouraging the Micro, Small and Medium Enterprises (MSMEs) in the country, Minister of State (I/C) Giriraj Singh said that his office is committed at ensuring a stress-free ecosystem for the sector.</p> <p>The Minister made these remarks during the 16th meeting of National Board for MSME in the national capital.</p> <p>Singh further said that the meeting comes as an initiative to maintain a formal interaction between the office and the sector.</p> <p>He also highlighted the recent steps taken by the government including the recent change in definition based on turnover.</p> <p> New definition is to benefit MSMEs directly and the change of criteria had been a long pending demand of MSMEs .</p> <p>Now the MSMEs don't have to worry about inspector raj as new definition allows the unit to adopt machines and technologies.</p> <p>The Minister also commented on the increased credit flow to the sector.</p> <p> For this year, we are targeting at meeting credit flow figure surpassing the figure that we were obtain in last three years cumulatively , Singh added. <strong>(KNN/DA)</strong></p> 19176 http://knnindia.co.in/news/newsdetails/msme/govt-committed-to-ensure-stress-free-ecosystem-for-msmes-giriraj-singh 2018-02-26 05:34:15 knnindia.co.in