Assam

Assam Allows MSMEs to Start Projects Without Approval or Permit, Boosting Entrepreneurship

Editor Editor
Wednesday, July 05, 2023
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Assam Allows MSMEs to Start Projects Without Approval or Permit, Boosting Entrepreneurship
Assam Empowers Small Businesses, Boosting Economic Growth
In a significant move to support small businesses, the Government of Assam (GoA) is spearheading a revolution under the visionary leadership of Hon'ble Chief Minister Dr. Himanta Biswa Sarma. The aim is to empower Small, Light, and Medium Enterprises (SMEs) in Assam, promoting industrialization, generating employment opportunities, and fostering comprehensive economic growth.

During a press meet held at Janata Bhavan, the GoA announced the streamlining of processes for SMEs, eliminating burdensome approval and inspection requirements. With this announcement, Assam has become one of the few states in the country that allows MSMEs to start projects without requiring any approval or permit.

This initiative aligns with the vision of our Hon'ble Prime Minister, Shri Narendra Modi Ji's #VocalforLocal campaign, which aims to foster self-reliance not only in Assam but across the nation, thereby building an #AatmanirbharBharat (self-reliant India).

The key features of this initiative are as follows:

1. MSMEs can now commence operations in Assam by submitting a 'Declaration of Interest' and obtaining an "Acknowledgement Certificate" from the State Nodal Agency.

2. The MSME sector is exempted from obtaining multiple approvals for the initial three years, thereby reducing bureaucratic hurdles.

3. Approval can be obtained even after the business is up and running, ensuring a smooth and efficient journey for entrepreneurs.

This path-breaking initiative by HCM Dr. Himanta Biswa Sarma deserves our sincerest gratitude. It is expected to be another remarkable milestone in Assam's journey towards becoming one of the top five states in the nation and a preferred investment destination.

CM Himanta Biswa Sarma expressed his commitment to the vision of the Honorable Prime Minister, stating, "We are guided by Hon PM's vision of MSME - Maximum Support to Micro, Small, and Medium Enterprises." Today's decisions demonstrate our unwavering commitment to supporting one of the most critical pillars of Assam's economic foundation.