Finance Minister Arun Jaitley will launch a data bank to gather information about micro, small and medium enterprises MSMEs tomorrow. <br/><br/>MSME Secretary K K Jalan has said, through the data bank, we shall carry out a census of MSMEs online for the first time. He said, this will help save money as the previous census conducted in 2008 cost 50 crore rupees, whereas this one is expected to be completed in just around one crore rupees. Moreover, this time, we will also be capturing data of MSME Associations, he added . <br/><br/>The census process will start formally tomorrow with the launch of the data bank. Mr. Jalan said, six Online Finance Facilitation Centres in Jalandhar Ludhiana, Guwahati, Lucknow, Peenia and Delhi will be opened tomorrow. <br/><br/>Armed with the data, MSME Ministry will be able to plan development activities and incentive programmes in an improved manner. Government had recently notified new rules for micro,small and medium enterprises to furnish information in the prescribed format.
News On AIR | August 10, 2016 4:35 PM
FM to launch data bank to gather info about MSMEs