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Constitution of
state level advisory boards.
Separate policy for Tiny and Micro enterprises.
Higher investment limit for ancillary units.
Special dispensation for sectors with high export
potential.
Special thrust on modernisation and technology
upgradation of existing units.
Focus of Reservation policy on enhancement of
competitiveness.
Special package for promotion and development
of small and village enterprises in North-eastern
and Hill regions. |
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Foreign Direct
Investment |
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Encourage
FDI as a means to infuse additional resources,
technology and modern management practices with
a view to making the sector internationally
competitive. Measures to include |
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Enhancement in the limit of foreign equity participation,
subject to management control vesting with Indian
shareholders. |
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Placement
of Foreign Direct Investment in SSI sector,
under Automatic Route within the enhanced equity
cap. |
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Industrial Legislation |
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Simplify,
Immediate measures to include :- |
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High powered Committee for recommending single
comprehensive legislation for SSI units. |
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Simplification of inspection procedures based
on self declaration and post audit. |
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Review Coir-Board Act and KVIC Act in the context
of emerging challenges. |
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Administrative
Setup |
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Redefining
the role of the existing machinery to make it
more responsive. Measures to include :- |
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High powered Committee to recommend the most
appropriate organisational structure for SIDO
and SSIs. |
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Mechanism for participation of SSI Associations
and NGOs in the Small and Village Enterprises
Development Programmes. |
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Credit |
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Strengthen
credit delivery system through :- |
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Credit Gaurantee Scheme |
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Earmarking flow of bank credit to micro, tiny
and small enterprises. |
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Scheme for credit rating of small scale units. |
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Exploring possibilities of securitisation of
gauranteed loans. |
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Exploring possiblities of strengthening viable
State Financial Corporations. |
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Promoting Venture Capital Funds and Factoring
services, exclusively for small scale sector. |
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Delayed Payments |
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Facilitate timely
payment through |
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Mandatory schedule in audited balance sheets
for reflecting interest accrued under Delayed
Payments Act. |
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Special Mechanism, including Industry facilitation
Councils at state level, for settlement of disputes
regarding delayed payments. |
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Rehabilitation
of Sick Units |
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Put in place an
appropriate policy framework for addressing the
problem of industrial sickness through : |
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Strengthening of State Level Inter- Institutional
Committee (SLIC) for timely identification and
rehabilitation if sick units. |
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Exploring the possibility of introducing statutory
provision for the revival of viable sick units. |
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Exploring the possibility of setting up of Debt
Recovery Tribunals for facilitating recovery
of SSI dues of commercial banks and financial
institutions. |
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