Entrepreneurs can soon register as a micro, small and medium enterprise online, instead of getting certificates from different government departments.

The Union minister of MSME Kalraj Mishra on Tuesday said that the government will be launching an online system of MSME registration in the next months.

“I am aware the difficulties faced by entrepreneurs in getting registered as a MSME unit at present. We want to simplify the procedure by making it the entire registration process online. This will not only make the process transparent but will save a lot of time,” he told media persons on the sidelines of an interaction session with the entrepreneurs organized by the Council of Small and Medium manufacturing Industry here.

The Minister said the Government was working out a new policy for the MSME sector, which will also revise the definition of an MSME in tune with the changing business environment. The new definition will revisit the current levels of capital investment required to be made by various stakeholders to qualify as a MSME and will also widen the access of these enterprises to bank finances.

Replying to a question, Mishra said he was aware of the problems being faced by MSME units in getting bank finances. In this connection, he said he has called for a meeting with top bankers next week to discuss the issue.

Meanwhile, industry bodies such as Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI), Federation of Telengana Small and Medium Industries Assocation (FTSMIA) , Association of Lady Entrepreneurs of AP (ALEAP) and Confederation of Women Entrepreneurs (COWE), among others urged the minister to look into the issue of acute power shortage in the state and also look into the aspects of skill development and R&D in the sector.

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