The correct answer is: a) Simplifying regulations and procedures.
Ease of Doing Business reforms in Meghalaya focus on simplifying regulations and procedures, reducing the time and cost of doing business, and improving the overall business environment. The reforms include measures such as streamlining the process of obtaining business licenses, reducing the number of inspections, and improving access to credit.
Option b) is incorrect because the reforms are designed to reduce bureaucratic hurdles, not increase them.
Option c) is incorrect because the reforms are designed to encourage entrepreneurship, not discourage it.
Option d) is incorrect because the reforms are designed to decentralize decision-making, not centralize it.