To provide ease of doing business and cutting down the compliances for the trade and industry in the border state, Punjab Government has decided to reduce the costs of mandatory compliances for the MSMEs.

It was informed at the meeting that the Labour Department has already accepted 22 of 33 recommendations made by GAME.

The Chief Secretary asked the Labour Department to consider the recommendations on the standing order exemptions for .

The GAME has identified several NOCs being issued by various departments and has recommended their rationalisation.

Shekhar proposed the recommended rationalisation in consultation with the concerned departments and to put forth the proposal before the Council of Ministers for freezing the requirement of several NOCs for setting up of business in the state.

Notably, the Punjab Government had signed a MoU with the GAME in November 2020. The GAME was working closely with the state departments to reduce the costs of compliances for MSMEs that will help further improve the congenial business Environment for MSMEs in Punjab.