To makePunjabstand out for ease of doing businessfor MSME, chief minister Amarinder Singh on Thursday announced reforms to further reduce theregulatory burdenthrough rationalisation, digitalisation and decriminalisation of the regulatory landscape.
He said the reforms would bring about future changes, including rationalising trade licenses with shops and Establishments Act and removing imprisonment terms from 100 low risk provisions in non-labour related rules.
The reforms, launched in PARTNERSHIP with Game (Global Alliance for Mass ) and Omidyar Network India, prioritise Ease of Doing Business (EoDB) forMSMEsin the state, based on data-informed regulatory changes. These were suggested by the Game EoDB Task Forces report Transforming EoDB for MSMEs in Punjab. The task force was set up on the recommendation of the Montek Ahluwalia committee, set up by the State Government to revive business in the post-Covid Environment.
To ensure timely delivery of key licenses and permits, as prescribed under the Transparency Act 2018, a monthly data driven assessment mechanism under the chief secretary has been launched to ensure not a single license or permit is delayed beyond the stipulated period.