Why India’s nano enterprises need formal recognition within the MSME ecosystem

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Why India’s nano enterprises need formal recognition within the MSME ecosystem - Economic Times

Quick Summary:

Addressing the challenges of nano entrepreneurs through tailored initiatives aimed at formalisation of the sector and improving resource accessibility are crucial for their upliftment.

Easing GST regulations for very small businesses, he says, will reduce their tax burden and compliance requirements, allowing them to focus on growth.“While these initiatives are on their path toward bringing in better reforms for small-scale businesses, there is an urgent need for policy interventions to be expedited.

Ranganathan further says that while policy initiatives are essential to strengthen this cohort, India already has a broad spectrum of policies designed to support rural and small-scale entrepreneurs.